Business
Gevo Applauds United Airlines Pledge to Include SAF in Reducing Their Greenhouse Gas Emissions by 2050
ENGLEWOOD, Colo., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), applauds the recent announcement from United Airlines to take the ambitious
About this update from Gevo, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), applauds the recent announcement from United Airlines to take the ambitious step of pledging to reduce its greenhouse gas (GHG) emissions by 100% by 2050, which includes the usage of sustainable aviation fuel (SAF). “We welcome United’s positive announcement to support the reduction of greenhouse gases. We wholeheartedly agree SAF is the fastest and most effective way United can reduce its emissions,” stated Patrick R. Gruber, Chief Executive Officer of Gevo. “Gevo’s SAF is approved for use in commerce and has already been used to power numerous commercial flights around the world, including flights by United. It is also notable the possibility to have a net zero, or even negative, GHG profile with SAF like ours. That is a game changer. It is good for the airline industry, good for US farmers, good for consumers, and good for the environment.”To learn more about Gevo’s SAF please visit: https://gevo.com/products/sustainable-aviation-fuel/ About Gevo Gevo is commercializing the next generation of jet fuel, gasoline and diesel fuel with the potential to achieve zero carbon emissions and address the market need of reducing greenhouse gas emissions with sustainable alternatives. 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. As a result, Gevo is able to produce low-carbon fuels with substantially reduced carbon intensity (as measured by 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 environmental problems of fossil-based carbon 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 that enables the use of a variety of low-carbon sustainable feed...