Gevo Supplies U.S. Coast Guard With Isobutanol-Blended Gasoline
24 Juli 2013 - 3:25PM
Gevo, Inc. (Nasdaq:GEVO) has begun supplying the U.S. Coast Guard
R&D Center with initial quantities of finished 16.1% renewable
isobutanol-blended gasoline for engine testing.
"Gevo's proprietary isobutanol-blended gasoline is truly a
drop-in fuel, deliberately designed to be fully compliant with
marine fuel specifications, including fit-for-purpose properties,"
said Patrick Gruber, Gevo's chief executive officer. "Isobutanol's
low-water solvency and non-corrosive characteristics will offer
consumers a high-performance, renewable biofuel ideally suited for
a wide variety of marine engine applications."
The U.S. Coast Guard R&D Center is using the Gevo-blended
fuel as part of a 12-month, long-term operational study on marine
engines that began during June. The testing is being performed
under a Cooperative Research and Development Agreement (CRADA)
between the U.S. Coast Guard, Honda, and Mercury and will focus on
two of the Coast Guard's platform boats – 38-foot Special Purpose
Craft -Training Boat & 25-foot Response Boat - Small.
The US Coast Guard completed a 3 month round of testing in
Florida earlier this year under the CRADA with Honda engines
running on fuel supplied by Gevo which contained 16.1% renewable
isobutanol. Engines were run at full throttle for an 8 hour day for
several months and then broken down and inspected.
Mike Coleman, Project Manager at the USCG R&D Center stated:
"We are pleased so far with our testing of isobutanol as a
potential alternative to ethanol as a blend stock in gasoline for
marine applications." Isobutanol is a biofuel that compared to
ethanol, has higher energy density, lower RVP, and does not present
phase separation issues seen with ethanol. "All testing so far
has been positive, and when the Yorktown tests are completed next
year, we expect to have the information available to allow a
decision on whether 16.1% Isobutanol fuel blends will be certified
for use in the Coast Guard gasoline engine fleet."
"This testing will validate isobutanol-blended gasoline as a
clean-burning, homegrown, drop-in fuel for marine applications,"
Gruber added. "As we accelerate our full-scale commercial
production efforts at the world's first renewable isobutanol plant
in Luverne, Minn., we are extremely excited to be working with a
partner like the U.S. Coast Guard to evaluate and develop a product
line of high-performance, isobutanol-based fuel blends for the
marine engine market."
Testing will take place at the U.S. Coast Guard Training Center
in Yorktown, Va.
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 bio-refineries to make
isobutanol. This versatile chemical can be directly integrated into
existing chemical and fuel products to deliver environmental and
economic benefits. Gevo has executed initial commercial-scale
production runs at its isobutanol facility in Luverne, Minn.,
constructed in conjunction with ICM, a leading provider of
proprietary ethanol process technology, and has a marquee list of
partners including The Coca-Cola Company, Sasol Chemical
Industries, and LANXESS, Inc., an affiliate of LANXESS Corporation,
among others. Gevo is committed to a sustainable bio-based 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.
CONTACT: Media Contact:
Steve Halsey
Gibbs & Soell for Gevo
T: (212) 697-2600
shalsey@gibbs-soell.com
Investor Contact:
Chelsea DeLong
PR & Marketing Coordinator
T: (303) 588-6306
cdelong@gevo.com
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