Los Alamos National Laboratory to Collaborate with Gevo to Develop Missile Fuel
October 09 2017 - 9:05AM
Gevo, Inc. (NASDAQ:GEVO), announced today that it will be
partnering with Los Alamos National Laboratory (LANL) on a project
to improve the energy density of certain Gevo hydrocarbon products,
such as its alcohol-to-jet-fuel (ATJ), to meet product
specifications for tactical fuels for specialized military
applications such as RJ-4, RJ-6 and JP-10, which are currently
purchased by the US Department of Defense (DoD). ChemCatBio, a
consortium within the US Department of Energy, awarded funding to
LANL in support of the project.
Gevo and LANL are looking to develop a low-cost, catalytic
technology that would be bolted-on to Gevo’s existing
isobutanol-to-hydrocarbons process to produce high energy density
fuels (HEDFs). With the successful scale-up of this technology, it
is believed that Gevo’s HEDFs could be produced at a lower cost
than the petroleum-based equivalent, even at current oil
prices.
HEDFs are currently used in air and sea-launched cruise missiles
used by the US military forces. If this project is successful in
scaling HEDFs cost-effectively, there may be an even broader
application in the general aviation sector, enabling higher energy
density jet fuel that would provide superior mileage to traditional
aviation fuels.
“High energy density fuels have the potential to increase the
range of an aircraft or increase the payload that could be
carried,” said Dr. Andrew Sutton of Los Alamos National Laboratory.
“That gives an obvious tactical advantage, but if this could
eventually be scaled for wider use then translating these benefits
to commercial airlines would have an even greater global
impact.”
“Currently, certain HEDFs are supplied by limited suppliers, so
the DoD is interested in supporting alternative sources of these
fuels, and potentially at a lower cost,” said Dr. Patrick Gruber,
Gevo’s Chief Executive Officer. “The added benefit that this would
be a renewable fuel that helps reduce greenhouse gas emissions is
just icing on the cake.”
About Gevo
Gevo is a renewable technology, chemical products, and next
generation biofuels company. Gevo has developed proprietary
technology that uses a combination of synthetic biology, metabolic
engineering, chemistry and chemical engineering to focus primarily
on the production of isobutanol, as well as related products from
renewable feedstocks. Gevo’s strategy is to commercialize bio-based
alternatives to petroleum-based products to allow for the
optimization of fermentation facilities’ assets, with the ultimate
goal of maximizing cash flows from the operation of those assets.
Gevo produces isobutanol, ethanol and high-value animal feed at its
fermentation plant in Luverne, Minnesota. Gevo has also developed
technology to produce hydrocarbon products from renewable alcohols.
Gevo currently operates a biorefinery in Silsbee, Texas, in
collaboration with South Hampton Resources Inc., to produce
renewable jet fuel, octane, and ingredients for plastics like
polyester. Gevo has a marquee list of partners including The
Coca-Cola Company, Toray Industries Inc. and Total SA, among
others. Gevo is committed to a sustainable bio-based economy that
meets society’s needs for plentiful food and clean air and
water.
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, which include statements relating to the partnership
with LANL, cost of production of HEDFs by Gevo, demand for HEDFs
that might be produced by Gevo in the future and the benefits of
Gevo’s products, 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, 2016,
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 ContactDavid RodewaldThe David James
Agency, LLC+1 805-494-9508gevo@davidjamesagency.com
Investor ContactShawn M. SeversonEnergyTech
Investor, LLC+1
415-233-7094gevo@energytechinvestor.com @ShawnEnergyTechwww.energytechinvestor.com
Gevo (NASDAQ:GEVO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gevo (NASDAQ:GEVO)
Historical Stock Chart
From Apr 2023 to Apr 2024