Gevo, Inc. reports developments across renewable fuels, chemicals and carbon management. Company news commonly covers financial results, low-carbon ethanol operations at Gevo North Dakota, carbon capture and sequestration infrastructure, a Class VI carbon-storage well, and the company’s dairy-based renewable natural gas facility.
Updates also address Gevo’s Alcohol-to-Jet platform for synthetic aviation fuel, proprietary technology for converting bio-based feedstocks into hydrocarbons and chemicals, specialty racing fuel blendstocks, project financing activity, licensing and franchise-development strategy, and executive or governance changes tied to its renewable-fuels growth plans.
ADM and Gevo, Inc. have signed a memorandum of understanding (MoU) to produce sustainable aviation fuel (SAF) from ethanol and isobutanol. This collaboration aims to transition ADM's dry mills in Columbus, Cedar Rapids, and Decatur for the production of approximately 500 million gallons of SAF from 900 million gallons of ethanol. The initiative supports growing demand for low carbon fuels, with production expected to start in the 2025-2026 timeframe. The U.S. aims to produce 4 billion gallons of SAF by 2030, increasing to over 45 billion by 2050.
Gevo, Inc. (NASDAQ: GEVO) announced that CEO Dr. Patrick Gruber will participate in a Water Tower Research Fireside Chat on October 21, 2021, at 4:30 PM EDT. The discussion will focus on recent key events and the commercial development of Ethanol to Jet (ETJ) technology. Interested participants must register due to limited spots, but the event will be available for replay. Gevo aims to transform renewable energy into low-carbon fuels, potentially achieving net-zero greenhouse gas emissions, while also developing sustainable plastics.
Gevo, Inc. (NASDAQ: GEVO) announced a conference call scheduled for November 10, 2021, at 4:30 p.m. EDT to report its financial results for the third quarter ended September 30, 2021. The call will provide updates on the company's corporate highlights. Interested parties can join the call by dialing provided numbers or through a web link. A replay will be available shortly after the call concludes. Gevo focuses on transforming renewable resources into low-carbon fuels and sustainable plastics, aiming for reduced greenhouse gas emissions.
Gevo has partnered with Axens to accelerate sustainable ethanol-to-jet (ETJ) projects in the U.S. This strategic alliance leverages Axens' extensive technology portfolio, including over 60 patents and engineering capabilities, to convert ethanol into sustainable aviation fuel (SAF). Gevo aims to develop, own, and operate ETJ plants, benefiting from Axens' process guarantees and proven technologies. The collaboration is expected to fulfill the demand for low-carbon hydrocarbons from existing ethanol producers, aligning with the airline industry's sustainability goals.
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Gevo, Inc. (NASDAQ: GEVO) has secured a patent for a process that enhances ethanol and bio-based alcohols into renewable diesel and jet fuel. The USPTO granted U.S. Patent No. 11,078,433, enabling Gevo to diversify its ethanol production to meet rising demand for renewable fuels. The patented method promises high yields of quality diesel and the potential for sustainable aviation fuel (SAF). This innovation aligns with Gevo's model of utilizing renewable resources for energy-dense hydrocarbons, contributing to achieving net-zero greenhouse gas emissions over the fuel lifecycle.
Gevo, Inc. has finalized an asset purchase agreement with Butamax Advanced Biofuels LLC to acquire key patents related to renewable isobutanol. This acquisition allows Gevo full rights to sublicense the extensive isobutanol patent estate across various fuel and chemical applications. The deal enhances Gevo's intellectual property value, previously estimated at $412 million, and terminates an existing patent cross-license agreement, simplifying Gevo's licensing process. The acquisition is expected to bolster Gevo's position in the renewable fuels market.
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Gevo (NASDAQ: GEVO) announces the signing of a memorandum of understanding (MOU) with U.S. government agencies to drive the Sustainable Aviation Fuel Grand Challenge. This initiative aims to cut lifecycle greenhouse gas emissions by 50% compared to conventional fuels, targeting a production goal of 3 billion gallons of Sustainable Aviation Fuel (SAF) by 2030. CEO Dr. Patrick Gruber highlighted Gevo's readiness with existing partnerships, aiming for 250 million gallons annually. The MOU promotes collaboration to achieve net-zero aviation emissions by 2050, emphasizing sustainable practices in agriculture and renewable energy.
Chevron Corporation (NYSE: CVX) and Gevo, Inc. (NASDAQ: GEVO) have signed a letter of intent to jointly invest in new facilities to produce sustainable aviation fuel from inedible corn. This collaboration aims to lower lifecycle carbon intensity in aviation fuels and will also generate proteins and corn oil. Gevo will utilize its proprietary technology while Chevron has the right to offtake approximately 150 million gallons of sustainable aviation fuel annually. The partnership is contingent on regulatory approvals and definitive agreements.