Gevo Hires Industry Veteran Nancy N. Young as Chief Sustainability Officer
May 30 2023 - 4:01PM
Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Nancy N.
Young has been hired as Chief Sustainability Officer to lead the
sustainability, environmental, and scientific affairs for the
company.
Nancy is a highly experienced veteran of the aviation industry,
with deep expertise in developing environmental and sustainability
policy, and regulatory programs, as well as in commercial
deployment of low carbon fuels and technologies. Her most recent
position was as Chief Sustainability Officer for Alder Fuels. “As
we build the infrastructure for delivery of low carbon fuels and
chemicals, Gevo will continue to focus on assembling the best
possible team of industry experts and resources to optimize our
efforts,” said Dr. Paul Bloom, Gevo’s Chief Carbon and Innovation
Officer. “Nancy’s experience in commercialization, combined with
her policy expertise will play a key role for Gevo and our ongoing
development of Verity Carbon Solutions.” Nancy is an
accomplished strategist in the fields of environmental and
sustainability law and policy, with a wealth of expertise in areas
such as climate change, aviation sustainability, and sustainable
fuels. Her extensive experience includes serving as a
transportation sustainability advisor on the United Nations
High-level Advisory Group on Sustainable Transport and leading
environmental advocacy efforts for Airlines for America, the
principal trade and service organization of the U.S. airline
industry. Notably, Nancy served on the Steering Group and as
co-Lead of the Sustainability Team under the Commercial Aviation
Alternative Fuels Initiative® for several years, playing a
significant role in the development of the policies that underpin
the sustainable aviation fuels market. She also played a key role
in the development of an array of agreements, standards, and
policies under the United Nations International Civil Aviation
Organization aimed at reducing the aviation industry's
environmental impact.“I am thrilled to be joining Gevo at such a
critical time in the aviation industry," Young said. "The
commercialization of sustainable technology must align with our
collective goals and policy governance, and Gevo is at the
forefront of this important work. I look forward to contributing to
the company's continued development and success."Nancy earned her
BA from the College of William and Mary. She went on to receive a
juris doctorate with honors from Harvard Law School, where she
served as President and Editor-in-Chief of the Harvard Journal on
Legislation.
About Gevo
Gevo’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’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.
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, the hiring of Nancy Young, our business plans, our
business development activities, and other statements that are not
purely statements of historical fact. These forward-looking
statements are made based on 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, 2022 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.
Media ContactHeather L.
Manuel+1 303-883-1114PR@gevo.com
Gevo (NASDAQ:GEVO)
Historical Stock Chart
From May 2024 to Jun 2024
Gevo (NASDAQ:GEVO)
Historical Stock Chart
From Jun 2023 to Jun 2024