Business
Gevo Supplies Avfuel with Sustainable Aviation Fuel for Pacific Northwest Region
ENGLEWOOD, Colo., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), announced today it has supplied SAF to further support carbon neutrality goals
About this update from Gevo, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., Dec. 10, 2020 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), announced today it has supplied SAF to further support carbon neutrality goals in the aviation industry. Gevo’s customer and global fuel supplier, Avfuel Corporation, delivered SAF to Leading Edge Jet Center, a provider of business aviation services throughout the Pacific Northwest, to deliver a demonstrative load of sustainable aviation fuel (SAF) to the fixed-base operator’s (FBO) Seattle facility. The delivery marks the first load of sustainable aviation fuel for an FBO at the King County International Airport - Boeing Field (BFI) for resale to its customers, as well as Avfuel’s entry to SAF deliveries in Washington state. “I want to congratulate Avfuel and Leading Edge Jet Center for making progress towards a cleaner future,” stated Patrick Gruber, Chief Executive Officer of Gevo. “We look forward to growing our business relationship and helping to educate aircraft operators and owners that products exist that burn cleaner and reduce carbon emission.” To learn more about Gevo’s SAF please visit: https://gevo.com/products/sustainable-aviation-fuel/ 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. Ge...