Gevo and Avfuel Supply Sustainable Alternative Jet Fuel for Transatlantic Operators Headed to EBACE
May 16 2019 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO) will once
again provide its sustainable and renewable alcohol-to-jet fuel
(ATJ) to Avfuel Corporation. Available May 15-18, operators
with prior commitments that are flying from Sheltair at
Farmingdale, New York’s Republic Airport (KFRG) to EBACE—the annual
European Business Aviation Convention & Exhibition, held in
Geneva, Switzerland—will be filling up with the sustainable fuel.
“We are once again happy to support our North American partner,
Avfuel, who to date has received commitments from high-profile OEMs
including Bombardier, Embraer, Gulfstream and Dassault to use our
ATJ blended with standard jet fuel. This blend not only meets ASTM
D1655, but also for every one million gallons produced,
approximately 10 million pounds of animal feed and protein goes
back into the food chain.” says, Patrick R. Gruber, Gevo’s Chief
Executive Officer.
Operators in North America who are interested in SAJF can
contact Avfuel’s manager of alternative fuels, Keith Sawyer at
ksawyer@avfuel.com, or visit
avfuel.com/Fuel/Alternative-Fuels
About Gevo
Gevo is a next generation “low-carbon” fuel company focused
on the development and commercialization of renewable alternatives
to petroleum-based products. Low-carbon fuels reduce the carbon
intensity, or the level of greenhouse gas emissions, compared to
standard fossil-based fuels across their lifecycle. The most common
low-carbon fuels are renewable fuels. Gevo is focused on
the development and production of mainstream fuels like gasoline
and jet fuel using renewable feedstocks that have the potential to
lower greenhouse gas emissions at a meaningful scale and enhance
agricultural production, including food and other related products.
In addition to serving the low-carbon fuel markets, through Gevo’s
technology, Gevo can also serve markets for the
production of chemical intermediate products for solvents,
plastics, and building block chemicals. Learn more at our
website: www.gevo.com
About Avfuel Corporation
Avfuel provides fuel and services to the global aviation
industry and is the leading independent supplier in the United
States. Established as a supply and logistics company more than 45
years ago, Avfuel is core competent in every aspect that surrounds
the delivery of fuel—from refinery to wingtip. Avfuel combines
global access with personalized service throughout a fueling
network of more than 3,000 locations worldwide and 650+
Avfuel-branded FBOs. Our 100% dedication to aviation demonstrates
our passion and commitment to a global community that prospers on
the movement of goods and services around the world.
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements relate to a variety of matters, including, without
limitation, statements related to operations to EBACE, Gevo’s ATJ,
Gevo’s partnership with Avfuel Corporation, the market and
demand for renewable jet fuel, including Gevo’s ATJ, and other
statements that are not purely statements of historical fact.
These forward-looking statements are made on the basis of the
current beliefs, expectations and assumptions of the management
of Gevo and are subject to significant risks and
uncertainty. Investors are cautioned not to place undue reliance on
any such forward-looking statements. All such forward-looking
statements speak only as of the date they are made,
and Gevo undertakes no obligation to update or revise
these statements, whether as a result of new information, future
events or otherwise. Although Gevo believes that the
expectations reflected in these forward-looking statements are
reasonable, these statements involve many risks and uncertainties
that may cause actual results to differ materially from what may be
expressed or implied in these forward-looking statements. For a
further discussion of risks and uncertainties that could cause
actual results to differ from those expressed in these
forward-looking statements, as well as risks relating to the
business of Gevo in general, see the risk disclosures in
the Annual Report on Form 10-K of Gevo for the year
ended December 31, 2018, as amended, and in subsequent reports
on Forms 10-Q and 8-K and other filings made with the U.S.
Securities and Exchange Commission by Gevo.
Investor and Media
Contact Shawn M. Severson Integra Investor Relations +1
415-226-7747 gevo@integra-ir.com |
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