Gevo Applauds United Airlines Pledge to Include SAF in Reducing Their Greenhouse Gas Emissions by 2050
December 11 2020 - 8:00AM
Gevo, Inc. (NASDAQ: GEVO), applauds the recent
announcement from United Airlines to take the ambitious step of
pledging to reduce its greenhouse gas (GHG) emissions by 100% by
2050, which includes the usage of sustainable aviation fuel (SAF).
“We welcome United’s positive announcement to support the
reduction of greenhouse gases. We wholeheartedly agree SAF is the
fastest and most effective way United can reduce its emissions,”
stated Patrick R. Gruber, Chief Executive Officer of Gevo. “Gevo’s
SAF is approved for use in commerce and has already been used to
power numerous commercial flights around the world, including
flights by United. It is also notable the possibility to have a net
zero, or even negative, GHG profile with SAF like ours. That is a
game changer. It is good for the airline industry, good for US
farmers, good for consumers, and good for the environment.”To learn
more about Gevo’s SAF please visit:
https://gevo.com/products/sustainable-aviation-fuel/
About Gevo
Gevo is commercializing the next generation of jet fuel,
gasoline and diesel fuel with the potential to achieve zero carbon
emissions and address the market need of reducing greenhouse gas
emissions with sustainable alternatives. Gevo uses low-carbon
renewable resource-based carbohydrates as raw materials, and is in
an advanced state of developing renewable electricity and renewable
natural gas for use in production processes. As a result, Gevo is
able to produce low-carbon fuels with substantially reduced carbon
intensity (as measured by the level of greenhouse gas emissions
compared to standard petroleum fossil-based fuels across their
lifecycle). Gevo’s products perform as well or better than
traditional fossil-based fuels in infrastructure and engines, but
with substantially reduced greenhouse gas emissions. In addition to
addressing the environmental problems of fossil-based carbon fuels,
Gevo’s technology also enables certain plastics, such as polyester,
to be made with more sustainable ingredients. Gevo’s ability to
penetrate the growing low-carbon fuels market depends on the price
of oil and the value of abating carbon emissions that would
otherwise increase greenhouse gas emissions. Gevo believes that its
proven, patented, technology that enables the use of a variety of
low-carbon sustainable feedstocks to produce price-competitive, low
carbon products, such as jet fuel, gasoline components like
isooctane and isobutanol and diesel fuel, yields the potential to
generate project and corporate returns that justify the build-out
of a multi-billion dollar business. Learn more at our
website: www.gevo.comForward-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 United Airlines, Gevo’s SAF,
reductions in GHG emissions 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, 2019,
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 & Media ContactIR@gevo.com+1 720-647-9605
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