Gevo Responds to Trump Administration’s Aim to Boost Biofuels under the Renewable Fuel Standard (RFS)
October 08 2019 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO), a leading renewable fuels and chemicals
manufacturer, responds to the Trump administration’s plan to boost
U.S. biofuel consumption to help U.S. farmers.
“Friday’s announcement by the EPA is a step in the right
direction and will hopefully put the RFS back on track after 31 oil
refineries received exemptions back in August. I’m glad President
Trump supported this step. A robust renewable fuel standard is
important for our farmers, the biofuel industry, and reducing
greenhouse gases,” stated Patrick Gruber, Chief Executive Officer
of Gevo. “Every drop of biofuel we get into the market is a win and
helps to change the conversation about what is possible from low
carbon, sustainable biofuels.
With Gevo it is possible, for example, to replace an entire
gallon of transportation fuel with fuels that are renewable with
net zero, or even carry a negative, GHG profile. That is a game
changer. Good for farmers, good for consumers, good for the
environment.”
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 U.S.
government’s initiatives surrounding renewable fuel standards,
Gevo’s ability to contribute to a reduction in greenhouse gas
emissions, the success of Gevo’s sales and production efforts in
support of the commercialization of its 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, 2018
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 info@integra-ir.com
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