Michael Bennet, United States Senator for Colorado, Visits Gevo, Advocates for Renewable Fuels and Chemicals
August 23 2013 - 3:20PM
Unites States Senator Michael Bennet of Colorado toured and met
with Gevo, Inc. (Nasdaq:GEVO) today to discuss the importance of
renewable fuels and chemicals for Colorado and the U.S. economy.
Senator Bennet met with Gevo executives including chief
executive officer Patrick Gruber, Ph.D. to discuss energy policy
and see first-hand the innovative research and development Gevo has
done that enabled it to become a leading provider of renewable
biofuels and chemicals.
Gevo, a Colorado-based company, is the world's only commercial
producer of isobutanol, a naturally occurring four carbon alcohol.
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 isobutanol-derived raw materials without
modification to their equipment or production processes. Isobutanol
can drop into existing infrastructure, providing for easy
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.
"We applaud Senator Bennet's support for the renewable energy
industry and appreciate his visit to our headquarters to learn
about the technology that makes Gevo a leading renewable chemicals
and advanced biofuels company," said Gruber.
Senator Bennet remarked that he very much enjoyed his visit to
Gevo and said, "Colorado has a strong reputation as a hub for
innovation and firms like Gevo are leading the way. By developing
innovative techniques for converting biomass to fuel, Gevo is a
critical part of developing a balanced national energy
portfolio."
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.
CONTACT: Media Contact:
Robin Peak
Gevo, Inc.
T: (303) 815-4478
rpeak@gevo.com
Investor Contact:
Mark Smith
Gevo, Inc.
T: (720) 267-8615
msmith@gevo.com
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