Business
Gevo Collaborates with TOTAL Cray Valley to Develop Renewable Isoamylene
ENGLEWOOD, Colo., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), announced today that it has signed a joint development agreement with TOTAL
About this update from Gevo, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., Oct. 14, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), announced today that it has signed a joint development agreement with TOTAL Cray Valley, part of TOTAL’s Polymers division to upgrade fusel oils from ethanol production into renewable Isoamylene. Isoamylene is predominately used in a diverse set of applications, including resins, pesticides, flavors and fragrances, pharmaceuticals, healthcare products, adhesives, antioxidants, and UV stabilizers.\n “This collaboration is a spinoff of Gevo’s chemical-based catalytic processes that selectively converts low-value fusel oils, a mixture of alcohols that are byproducts from fermentation processes such as ethanol or isobutanol production, into renewable isoprene, ketones, aldehydes, or olefins. Fusel oils from the ethanol industry alone equate to about 2.5 million tons of potential bio-based waste feedstock and this alliance will be another move towards the delivery of low carbon sustainable chemicals,” stated Patrick Gruber, Chief Executive Officer of Gevo. About GevoGevo 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 sust...