Business
Gevo Congratulates Nobel-Prize Winner and Co-founder, Frances Arnold for Being Named to President-Elect Joe Biden’s Science Team
ENGLEWOOD, Colo., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that Frances H. Arnold, a Nobel-Prize recipient and Gevo’s
About this update from Gevo, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that Frances H. Arnold, a Nobel-Prize recipient and Gevo’s Co-Founder, has been named to President-Elect Joe Biden’s Science Team. The Science Team is tasked with marshaling the force of science to drive meaningful progress in the lives of people. The Science Team will help the Biden-Harris administration confront some of the biggest crises and challenges of our time, including climate change. Patrick R. Gruber, the Chief Executive Officer of Gevo, said, “This appointment is well deserved. Gevo has benefited from Professor Arnold’s outstanding work in developing enzymes crucial to our technology. Gevo has used science to create technology that has established Gevo as a leader that transforms renewable energy and carbon into energy dense liquids that have the potential to achieve a net-zero greenhouse footprint when used as drop-in fuels for transportation and other uses. Gevo looks forward to playing it’s part in reducing greenhouse gas emissions.” About GevoGevo has a mission to transform renewable energy into low carbon transportation fuels. This next generation of renewable premium gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing 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, 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 o...