2013-01-17 15:26:11 -
ENGLEWOOD, Colo. - January 17, 2013 - Unites States Senator Mark Udall of
Colorado toured and met with Gevo, Inc. (NASDAQ: GEVO) yesterday to discuss the
importance of alternative energy technologies for Colorado and the U.S. economy.
Senator Udall met with Chief Executive Officer Patrick Gruber, Ph.D. to discuss
renewable energy options and see first-hand the innovative research and
development Gevo has done that will enable it to be a leading provider of
renewable chemicals and biofuels.
The Colorado-based company's commercialization efforts are focused primarily on
isobutanol, a four carbon alcohol, and its derivatives. Isobutanol is an
important platform chemical with broad applications in large chemicals and fuels
markets and a "drop-in" product that should allow customers to replace
petroleum-derived raw materials with renewable isobutanol-derived raw materials
without modification to their equipment
or production processes. Isobutanol can
drop into existing infrastructure, providing for straightforward integration
into existing refining and petrochemical production processes.
Gevo's isobutanol has successfully cleared registration with the U.S. EPA as a
fuel additive, is the first isobutanol to be listed in the EPA's Fuel
Registration Directory, and is now approved for blending with gasoline.
Additionally, Gevo worked with the United States Air Force (USAF) last June to
provide fuel for the first successful "alcohol-to-jet" (ATJ) fuel test flight in
an A-10 Thunderbolt II.
"Some of the best clean energy thinking in the country, and in fact, the world,
is coming out of Colorado," said Gruber. "Gevo is a prime example of how
Colorado is a hotbed for development of technologies that solve tomorrow's
renewable energy challenges today. We are very pleased that Senator Udall is
such a staunch advocate for the renewable energy industry and that he was able
to see some of the process technology that makes Gevo a leading renewable
chemicals and advanced biofuels company."
Senator Udall remarked that it was a treat to visit Gevo. "I see every day the
cost of being so dependent on foreign sources of oil," he said. "What I love
about what Gevo is doing is they're helping create a future where we won't be so
dependent, where the U.S. can maintain our superiority and, in the process,
enhance our national security, keep innovating, and create jobs. Gevo is brewing
new formulas, materials, and chemicals for the fuels of the future."
About Gevo
Gevo is a leading renewable chemicals and next-generation biofuels company.
Gevo's patent-protected, capital-light business model converts existing ethanol
plants into biorefineries to make isobutanol. This versatile chemical can be
directly integrated into existing chemical and fuel products to deliver
environmental and economic benefits. Gevo started up its first commercial
isobutanol facility in Luverne, Minn. and has a marquee list of partners
including Coca-Cola, Sasol, and LANXESS, among others. Gevo is committed to a
sustainable biobased economy that meets society's needs for plentiful food and
clean air and water. For more information, visit www.gevo.com.
Forward-Looking Statements
Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements include statements that are not purely
statements of historical fact, and can sometimes be identified by our use of
terms such as "intend," "expect," "plan," "estimate,"
"future," "strive" and
similar words. These forward-looking statements are made on the basis of the
current beliefs, expectations and assumptions of the management of Gevo and are
subject to significant risks and uncertainty. Investors are cautioned not to
place undue reliance on any such forward-looking statements. All such forward-
looking statements speak only as of the date they are made, and the company
undertakes no obligation to update or revise these statements, whether as a
result of new information, future events or otherwise. Although the company
believes that the expectations reflected in these forward-looking statements are
reasonable, these statements involve many risks and uncertainties that may cause
actual results to differ materially from what may be expressed or implied in
these forward-looking statements. For a further discussion of risks and
uncertainties that could cause actual results to differ from those expressed in
these forward-looking statements, as well as risks relating to the business of
Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of
Gevo for the year ended December 31, 2011, as amended, and in subsequent reports
on Forms 10-Q and 8-K and other filings made with the SEC by Gevo.
###
Media Contact:
Steve Halsey
Gibbs & Soell for Gevo, Inc.
T: (212) 697-2600
shalsey@gibbs-soell.com
Investor Contact:
Chelsea DeLong
Gevo, Inc.
T: (303) 858-8358
cdelong@gevo.com
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Gevo, Inc. via Thomson Reuters ONE
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