Bombardier Adopts Gevo’s Sustainable Aviation Fuel for New Aircraft Deliveries in Canada
December 02 2019 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO) Avfuel Corporation—a global supplier of
aviation fuel and services—has begun delivery of Gevo’s sustainable
aviation fuel (SAF) to Bombardier for new customer aircraft
deliveries in Canada.
“We are committed to playing our role in making SAF a reality in
the marketplace—one of the best ways to do that at the moment is by
demonstrating its use,” said C.R. Sincock, executive vice president
for Avfuel. “By capitalizing on opportunities to work with leading
OEMs, Avfuel can help business aviation attain its sustainability
goals. We appreciate Bombardier for its collaboration in this
initiative and for our continued partnership with Gevo.”
“We applaud Bombardier and Avfuel for their efforts to make this
a reality. We look forward to continuing to support their efforts
to a greater sustainable representation in the fuel supply chain,”
commented Patrick Gruber, chief executive officer of Gevo.
Avfuel Press Release:
https://www.avfuel.com/Details-Page/ArticleID/541/Avfuel-Delivers-First-Sustainable-Aviation-Fuel-Shipment-to-Bombardier%E2%80%99s-Facility-in-Canada
Bombardier Press Release:
https://www.globenewswire.com/news-release/2019/11/26/1952690/0/en/Bombardier-Reinforces-Commitment-to-Environment-and-Receives-First-Shipment-of-Sustainable-Aviation-Fuel-in-Montreal.html
About GevoGevo is commercializing the next
generation of gasoline, jet fuel and diesel fuel with the potential
to achieve zero carbon emissions, addressing the market need of
reducing greenhouse gas emissions with sustainable alternatives.
Gevo uses low-carbon renewable resource-based carbohydrates as raw
materials, and is in an advanced state of developing renewable
electricity and renewable natural gas for use in production
processes, resulting in low-carbon fuels with substantially reduced
carbon intensity (the level of greenhouse gas emissions compared to
standard petroleum fossil-based fuels across their lifecycle).
Gevo’s products perform as well or better than traditional
fossil-based fuels in infrastructure and engines, but with
substantially reduced greenhouse gas emissions. In addition to
addressing the problems of fuels, Gevo’s technology also enables
certain plastics, such as polyester, to be made with more
sustainable ingredients. Gevo’s ability to penetrate the growing
low-carbon fuels market depends on the price of oil and the value
of abating carbon emissions that would otherwise increase
greenhouse gas emissions. Gevo believes that its proven, patented
technology enabling the use of a variety of low-carbon sustainable
feedstocks to produce price-competitive low carbon products such as
gasoline components, jet fuel, and diesel fuel yields the potential
to generate project and corporate returns that justify the
build-out of a multi-billion dollar business. Learn more at our
website: www.gevo.com
About Avfuel CorporationAvfuel 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 dealers. 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 StatementsCertain 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
Avfuel, the supply of SAF to Bombardier 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
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 ContactShawn M. SeversonIntegra Investor
Relations+1 415-226-7747info@integra-ir.com
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