Gevo Adopts DSM’s eBOOST™ Yeast for Ethanol
27 Juni 2018 - 3:00PM
Gevo, Inc. (NASDAQ:GEVO) announced today that it has adopted Royal
DSM’s new eBOOST™ yeast at its production facility in Luverne,
MN for the enhanced production of ethanol.
eBOOST™ offers improved yields and enhanced profitability.
“We were pleased to have worked with Royal DSM
to trial its eBOOST™ solution as part of its commercialization
phase. We liked the results we saw, so we are adopting
eBOOST™ going forward for the production of ethanol.
While we are continuing to aggregate demand for isobutanol, jet
fuel, and isooctane with a view to building out large capacity for
those products, ethanol production is the key to driving
profitability in the near term. We can see the path to
profitability. Adopting technologies such as eBOOST™ is one
of the steps on that path. We look forward to continued work
with Royal DSM,” said Patrick Gruber, CEO, Gevo, Inc.
For more information about eBOOST™, see Royal
DSM’s press release at
https://www.newswiretoday.com/news/167213/DSM-Launches-Innovative-Fermentation-Solution-That-Improves-Ethanol-Production/%C3%A5
About Gevo
Gevo 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 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: 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 relate to a variety of matters,
including, without limitation, statements related to Gevo’s ability
to improve profitability at its production facility in Luverne, MN,
Gevo’s ability to become profitable, the performance properties of
the eBOOSTTM yeast, including improved yields and enhanced
profitability, and other statements 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, 2017, as amended, and in subsequent reports on
Forms 10-Q and 8-K and other filings made with the U.S. Securities
and Exchange Commission by Gevo.
Investor and Media Contact
Shawn M. Severson Integra Investor Relations +1 415-226-7747
gevo@integra-ir.com
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