Business
Gevo Files for Environmental Permits in South Dakota for the Net-Zero 1 Project
ENGLEWOOD, Colo., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that the air quality and wastewater permit applications
About this update from Gevo, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that the air quality and wastewater permit applications for the company’s Net-Zero 1 project have been filed with the South Dakota Department of Agriculture & Natural Resources. \"These permit applications are on schedule and represent the first of the permits necessary for the construction of Net-Zero 1,” commented Dr. Chris Ryan, Gevo’s President and Chief Operating Officer. “We are happy to work closely with Pinnacle Engineering, a world-class engineering firm known for specializing in environmental permitting, to draft our permits. These combined efforts are focused on minimizing environmental impact and establishing the lowest CI (Carbon Intensity) score possible,\" continued Dr. Ryan. “It’s a pleasure to work with the Gevo team and we look forward to our continued collaborations on this exciting project,” stated Steve Schleicher, Pinnacle Engineering, Partner and Vice President, Industrial Services. About Gevo Gevo’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 life cycle 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 life cycle). 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 ...