Gevo and VP Racing Fuels Announce Collaboration to Develop and Commercialize Specialty Fuel Blends
May 02 2012 - 6:30AM
Business Wire
Gevo, Inc. (NASDAQ: GEVO), a leading renewable chemicals and
next generation biofuels company, and VP Racing Fuels, Inc., a
world leader in performance fuel technology and high-quality
specialty fuel blends, have agreed to jointly evaluate the
commercial potential for isobutanol in a wide array of markets. The
goal is to develop a product line of renewable, high-performance,
isobutanol-based fuel blends for the small engine market while
looking toward other performance applications for isobutanol as
well. The relationship will allow the companies to initially assess
market opportunities, positioning and distribution channels to
commercialize renewable fuels for outdoor power equipment.
“We look forward to exploring the potential of an isobutanol
version of renewable, branded and private-label packaged fuels for
retail,” said Alan Cerwick, VP's President. “Isobutanol’s unique
low-water solvency and noncorrosive characteristics in small engine
fuels potentially will offer consumers a high-performance,
renewable biofuel for a wide variety of small engine
applications.”
“VP is recognized as a leader in performance fuel technology
with more than 70 fuel blends for motorsports as well as fuels for
small engines and hobby fuels for radio-controlled cars, airplanes
and helicopters. Supplying isobutanol for a new line of
value-added, high performance fuels is an exciting proposition for
Gevo,” said Dr. Patrick Gruber, CEO of Gevo. “We’re on the cusp of
starting up our first isobutanol plant in Luverne, Minn. and we
look forward to bringing another first to the industry,
isobutanol-based blends for small engine fuels.”
About Gevo
Gevo is converting existing ethanol plants into biorefineries to
make renewable building block products for the chemical and fuel
industries. The Company plans to convert renewable raw materials
into isobutanol and renewable hydrocarbons that can be directly
integrated on a “drop in” basis into existing chemical and fuel
products to deliver environmental and economic benefits. 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
About VP Racing Fuels
VP Racing Fuels, Inc. focuses on performance fuels of all types
from racing gasoline to small engine and hobby fuels with a supply
network of more than 1,500 dealers globally and a product catalog
of more than 70 fuel blends. VP is the official fuel supplier of
NHRA Championship Drag Racing, American Le Mans, AMA Supercross,
World of Outlaws and the Trans-Am Series, among nearly 60
VP-sponsored racing series and sanctioning bodies.
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,
and in subsequent reports on Forms 10-Q and 8-K and other filings
made with the SEC by Gevo.
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