Gevo Technology Mitigates Effects of Climate Change Identified in US Government Report
December 03 2018 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO) announced today that the
US Global Change Research Program recently published the Fourth
National Climate Assessment report on climate (2018: Impacts,
Risks, and Adaptation in the United States: Fourth National
Climate Assessment, Volume II: Report in Brief) which is
available at https://nca2018.globalchange.gov/. The report
which is mandated by statute to be produced and provided to
Congress and the President at least every 4 years concludes that
the effects of climate change are already being felt in communities
throughout the United States and that without substantial and
sustained mitigation efforts, climate change will cause significant
economic losses in the United States.
One of the 12 key summary findings states: “Communities,
governments, and businesses are working to reduce risks from and
costs associated with climate change by taking action to lower
greenhouse gas emissions and implement adaptation strategies. While
mitigation and adaptation efforts have expanded substantially in
the last four years, they do not yet approach the scale considered
necessary to avoid substantial damages to the economy, environment,
and human health over the coming decades.”
“Every time any of us uses a fossil-based fuel for
transportation, whether it be jet fuel, gasoline, or diesel,
fossil-based greenhouse gasses are produced and added to the
Earth’s atmosphere. This is a technical fact that cannot be
debated. At Gevo, our mission and technologies are focused on
providing advanced biofuels that reduce the emission of greenhouse
gasses. Right now, Gevo has already demonstrated commercially
that it can replace the fossil content in jet fuel and gasoline
with a sustainable low-carbon renewable jet fuel and gasoline that
do not sacrifice performance, and in fact can enhance
performance. None of us should believe the hype that nothing
can be done. It can. We believe that low-carbon,
sustainably produced fuels will be a critical part of the U.S.
economy in the coming years and that Gevo is uniquely situated to
contribute significantly in these very large and important
markets,” said Patrick R. Gruber, Chief Executive Officer, Gevo,
Inc.
About GevoGevo is a next generation
“low-carbon” fuel company focused on the development and
commercialization of renewable alternatives to petroleum-based
products. Low-carbon fuels reduce the carbon intensity, or the
level of greenhouse gas emissions, compared to standard
fossil-based fuels across their lifecycle. The most common
low-carbon fuels are renewable fuels. Gevo is focused on the
development and production of mainstream fuels like gasoline and
jet fuel using renewable feedstocks that have the potential to
lower greenhouse gas emissions at a meaningful scale and enhance
agricultural production, including food and other related products.
In addition to serving the low-carbon fuel markets, through Gevo’s
technology, Gevo can also serve markets for the production of
chemical intermediate products for solvents, plastics, and building
block chemicals. Learn more at our 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, including, without limitation, statements related to
Gevo’s technologies and advanced biofuel products, markets for
Gevo’s products, 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, 2017,
as amended, 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 Contact Shawn M. Severson Integra Investor Relations
+1 415-226-7747 gevo@integra-ir.com |
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