Movers and SHAKERS
Another puzzle piece complete with addition of another major partner
Gevo Inc is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. Its operating segments are the Gevo segment and the Gevo Development/Agri-Energy segment. By its segments, it is involved in research and development activities related to the future production of isobutanol, including the development of its biocatalysts, the production and sale of biojet fuel, its Retrofit process and the next generation of chemicals and biofuels that will be based on its isobutanol technology. Gevo Development/Agri-Energy is the key revenue generating segment which involves the operation of the Luverne Facility and production of ethanol, isobutanol and related products.
Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.
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MOU with Archer Daniels Midland (ADM) represents another step forward. ADM brings an existing platform of ~900 MGPY of ethanol production (in IA/IL/NE) to the table. Combined with new isobutanol production in IL, the ethanol/isobutanol feedstock will be converted into 500 MGPY of SAF and other green products. Once full commercialization plans are developed and definitive agreements are signed, the path will be clearer toward SAF production in the 2025-2026 timeframe. No impact on Net Zero plants, which will be developed in parallel with the goal of reaching one BGPY of production in 2030.
Recent alliance with Axens supports commercialization plan. GEVO and Axen established a strategic alliance aimed at accelerating the commercialization of sustainable ethanol-to-jet (ETJ) projects. Axens adds technologies with more than...
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