David George Joins Gevo as Senior Vice President, Verity Tracking
January 04 2022 - 9:00AM
Gevo, Inc. (NASDAQ:GEVO), announced today that David George has
joined Gevo as Senior Vice President, Verity Tracking. Mr. George
brings over 20 years of experience in technical, commercial, and
business development leadership with a particular emphasis in
blockchain technology. Before coming to Gevo, he served as the
Chief Commercial Officer at Xpansiv, Inc., a leading enterprise ESG
blockchain infrastructure company, where he was responsible for
building the market and product strategy for the very first
blockchain enabled tokenized commodities platform. He also served
as the Chief Commercial Officer at Gem, Inc., where he helped
establish and launch some of the very first enterprise blockchains
globally.
Mr. George will manage the launch and strategy development for
Verity Tracking, a blockchain technology for tracking
sustainability, building trust, and setting the standards for the
growing industry. Verity is expected to use smart contracts on a
distributed ledger technology platform to track, document, and
verify the value of sustainability. This system is expected to
enable a level of sustainability assurance that has not yet been
seen in the market. Mr. George will work closely with Gevo’s senior
management and external stakeholders to grow this platform into a
standalone corporate entity for carbon accounting.
“Dave is a seasoned executive who brings a deep technical,
product, and market expertise to the table,” said Dr. Paul Bloom,
Chief Carbon Officer and Chief Innovation Officer. “We’re very
lucky to have him at the head of this blockchain initiative as we
spin off Verity. Additionally, Dave will lead program development
efforts between Gevo and Blocksize Capital to meet carbon tracking
objectives, as well as deliver on existing programs for the needs
of Net-Zero 1 and Gevo's Billion Gallon Initiative.”
“It’s an honor to join ranks with Dr. Bloom and his team, and
Verity Tracking is an immensely valuable project,” said Mr. George.
“I’m eager to create a project pipeline, build strategic alliances,
and maximize Verity’s growth and efficiency.”
About GevoGevo’s mission is to transform
renewable energy and carbon into energy-dense liquid hydrocarbons.
These liquid hydrocarbons can be used for drop-in transportation
fuels such as gasoline, jet fuel and diesel fuel, that when burned
have potential to yield net-zero greenhouse gas emissions when
measured across the full life cycle of the products. 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 life cycle). Gevo also plans to
take advantage of decarbonization via geological sequestration in
the future. 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.
Gevo believes that the Argonne National Laboratory GREET model
is the best available standard of scientific-based measurement for
life cycle inventory or LCI.
Learn more at Gevo’s website: www.gevo.com
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, without limitation, including the hiring of David George
and his past experience and employment, the attributes of Verity
and Gevo’s products, the commercialization of Verity, 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, 2020,
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.
Gevo Investor and Media ContactHeather L.
Manuel+1 720-418-0085IR@gevo.com
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