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.
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Gibbs & Soell for Gevo, Inc.
Gevo, Inc.