Gevo Announces Appointment of Angelo Amorelli to Board of Directors
October 17 2023 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Angelo
Amorelli, PhD, has been appointed to its Board of Directors. Dr.
Amorelli retired recently from bp, where he held leadership,
development, and innovation roles for 35 years.
“We are honored to have Angelo join our Board of Directors,”
said Dr. Patrick Gruber, CEO of Gevo. “We believe his innovation
and technology experience at bp, specifically his efforts to
champion bp’s strategy around renewable energy and advanced
biofuels, will provide significant benefit to Gevo’s growth,
including our billion-gallon sustainable aviation fuel production
goal and our growing renewable natural gas business.”In his time at
bp, Dr Amorelli held a variety of roles focused on the development
of clean fuels. He was considered one of the company’s leading
technical experts in clean-energy technologies, including wind,
biofuels, low-carbon power, and hydrogen applications. He is a
Cambridge University graduate in Natural Sciences and holds a PhD
in Chemistry from the University of Wales – Cardiff. Dr. Amorelli
is a Fellow of the Royal Society of Chemistry. “I bring passion to
all of my activities and combine creativity with execution and
strategic thinking with operational management,” said Amorelli.
"What excites me most about Gevo is the wide variety of
technological solutions that must be orchestrated together to
optimize product success. This is a new frontier of clean energy
development, and to see it all coming together from the vantage
point of this board will be thrilling.” The addition of Angelo
Amorelli to the Gevo Board of Directors is effective as of October
15, 2023.
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’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 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 appointment of Angelo
Amorelli, 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, 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
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