Gevo Provides Update on Alcohol to Jet Certification Process
17 Dezember 2015 - 2:05PM
Gevo, Inc. (NASDAQ:GEVO), announced an update on the certification
process related to its alcohol to jet product.
A meeting of the ASTM D02.J6 subcommittee was
held on December 9, 2015, to discuss the revision of ASTM D7566 to
include alcohol to jet synthetic paraffinic kerosene
(ATJ-SPK). The data is being revised based on the
feedback from the ATJ-SPK Taskforce. A motion was passed to
concurrently ballot the revised ATJ-SPK specification, both at the
subcommittee and main committee level, which is planned for January
2016.
Minutes from the ASTM D02.J6 meeting held on
December 9, 2015, are expected to be released in the next 30 to 60
days.
About GevoGevo is a leading
renewable technology, chemical products, and next generation
biofuels company. Gevo has developed proprietary technology that
uses a combination of synthetic biology, metabolic engineering,
chemistry and chemical engineering to focus primarily on the
production of isobutanol, as well as related products from
renewable feedstocks. Gevo’s strategy is to commercialize bio-based
alternatives to petroleum-based products to allow for the
optimization of fermentation facilities’ assets, with the ultimate
goal of maximizing cash flows from the operation of those assets.
Gevo produces isobutanol, ethanol and high-value animal feed at its
fermentation plant in Luverne, MN. Gevo has also developed
technology to produce hydrocarbon products from renewable alcohols.
Gevo currently operates a biorefinery in Silsbee, TX, in
collaboration with South Hampton Resources Inc., to produce
renewable jet fuel, octane, and ingredients for plastics like
polyester. Gevo has a marquee list of partners including The
Coca-Cola Company, Toray Industries Inc. and Total SA, among
others. Gevo is committed to a sustainable bio-based economy that
meets society’s needs for plentiful food and clean air and water.
Learn more at our website.
Forward-Looking
StatementsCertain 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 relate to a variety of matters that are
not purely statements of historical fact. 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 Gevo undertakes no obligation to update
or revise these statements, whether as a result of new information,
future events or otherwise. Although Gevo 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, 2014,
as amended, and in subsequent reports on Forms 10-Q and 8-K and
other filings made with the SEC by Gevo. Certain statements
in this press release are based on publicly available published
studies conducted by the National Marine Manufacturers Association,
marine engine manufacturers, the United States Coast Guard,
national laboratories, the United States Department of Energy and
others.
Media and Investor Contact
Mike Willis
Gevo, Inc.
+1 720-267-8636
mwillis@gevo.com
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