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."
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.
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.