Gevo Announces Breakthrough Development of Low-Carbon No Particulate Renewable Diesel
September 04 2019 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO) a leading renewable fuels and chemicals
manufacturer, announced today that it has developed proprietary,
breakthrough processes that converts either low-carbon isobutanol
or low-value “fusel oils,” a mixture of alcohols that are
byproducts from fermentation processes such as alcohol production,
into renewable diesel. This renewable diesel is expected to compete
head-to-head on price with natural and petroleum-based equivalents,
while reducing particulates and CO2 emissions.
Low-carbon renewable diesel is biomass-derived
transportation fuel suitable for use in diesel engines and has
increased in demand since the Renewable Fuels Standard (RFS) and
California’s Low Carbon Fuel Standard (LCFS) went into effect.
Additionally, the marine sector will have to reduce sulphur
emissions to meet new international water regulations beginning in
2020. Gevo expects this to open yet another door for Gevo
products. “Not only are we going after the whole gallon to
replace fossil-based fuels, we are going after the whole slate of
renewable low-carbon liquid fuel products. In addition to being a
low-carbon intensity fuel, our product has no sulfur or
particulates,“ stated Dr. Patrick Gruber, Chief Executive Officer
of Gevo “This technology leverages off our platform of low-carbon
alcohols and I give credit to our catalytic chemistry team, led by
Jonathan Smith, for this breakthrough.” 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 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, statements related to the
development of low-carbon renewable diesel, whether Gevo can
commercialize low-carbon renewable diesel, whether Gevo can produce
low-carbon renewable diesel in large quantities or at commercial
scale, 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, 2018, 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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