Gevo Hires Dr. Paul Bloom as Chief Technology Officer and Chief Innovation Officer
March 22 2021 - 9:47AM
Gevo, Inc. (NASDAQ: GEVO), is pleased to announce that Dr. Paul
Bloom has joined Gevo as its Chief Technology Officer and Chief
Innovation Officer. Dr. Bloom served the last 20 years in a series
of commercial and technical roles at Archer Daniels Midland Company
(ADM). Most recently, Dr. Bloom was the Vice President of
Sustainable Materials and was previously the General Manager of
Evolution Chemicals, where he led development and commercialization
activities for the company's portfolio of renewable chemicals. In
addition, he had global responsibility for the company's pipeline
of new process technologies and partnerships with the chemical
industry.
"I'm pleased to have Paul Bloom join us. He brings strong
technical depth, and business development experience, which we
expect to use as we develop the renewable chemicals and materials
side of our business," said Dr. Patrick R. Gruber, Gevo's Chief
Executive Officer. Dr. Gruber continued, "Paul has seen what works
and what doesn't in the space of renewable chemicals, plastics, and
fuel. We are fortunate to have him join our team." "I've
evaluated and commercialized multiple technologies through the
years. I believe Gevo has excellent technology to tackle greenhouse
gas emissions. Drop-in, net-zero hydrocarbon fuel products are
desperately needed and will make a difference in the transportation
sector. Gevo's portfolio also contains renewable chemical
materials that can address unmet needs for the circular economy.
For example, these high-performance, plant-based products could go
into the automotive industry, durable goods, and consumer
products," said Dr. Bloom. "The potential, in my opinion, is large
to help provide more sustainable alternatives to customers and
consumers while delivering superior performance. I'm excited
to be part of the Gevo team and look forward to helping Gevo grow,"
Dr. Bloom added.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 lifecycle 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 lifecycle).
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 Argonne National Laboratory GREET model is
the best available standard of scientific based measurement for
life cycle inventory or LCI.
Learn more at Gevo’s 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, without limitation, including the hiring of Dr. Paul
Bloom, Gevo’s technology, Gevo’s products, Gevo’s ability to
produce products with “net-zero” Greenhouse Gas emissions, 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, 2020, 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+1
720-647-9605IR@gevo.com
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