Business
Koch Project Solutions to Execute Gevo Expansion Projects
ENGLEWOOD, Colo., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that it has engaged Koch Project Solutions, LLC ("Koch") to
About this update from Gevo, Inc.
[{"type":"text","content":"ENGLEWOOD, Colo., Jan. 04, 2021 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that it has engaged Koch Project Solutions, LLC (\"Koch\") to provide front end engineering, design and project execution management services for the expansion projects that Gevo is in the process of financing with Citigroup Global Markets, Inc. \"The world is changing rapidly. We appreciate being able to tap into Koch Project Solutions, a subsidiary of Koch Industries, and their vast experience. Gevo's focus is on drop-in renewable resource-based hydrocarbons with a massively reduced carbon footprint. These hydrocarbons are the same as those derived from fossil-based oil, except that we make them from renewable resources. Because we use renewable resources, we can see how to reduce and eliminate tailpipe emissions, on a net-carbon basis and also reduce or even eliminate the pollutants that contribute to smog,\" said Patrick Gruber, CEO of Gevo Incorporated. \"We are excited to bring Koch resources to bear on the advancement of Gevo's low-carbon hydrocarbons,\" said Paul Switzer, President of Koch Project Solutions, \"Gevo and Koch Project Solutions have forged a beneficial partnership that will deliver this valuable technology at a meaningful scale. It fits well into the Koch vision to help deliver superior societal benefits from existing feedstocks.\" About Gevo Gevo is a company with technology to transform renewable energy into low carbon liquid transportation fuels. This next generation of renewable premium gasoline, jet fuel and diesel fuel has the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. By capturing photosynthetic energy along with renewable carbon, using a mixture of renewable energy sources, Gevo uses proprietary technology to produce the hydrocarbons for gasoline, jet fuel, and diesel fuel in the future. Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but have the potential to reduce or even eliminate the net tailpipe greenhouse gas emissions from cars, planes, and trucks. 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 growi...