Gevo Announces Appointment of Carol Battershell to Board of Directors
January 05 2023 - 3:05PM
Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Carol J.
Battershell has been appointed to its Board of Directors. Ms.
Battershell is a seasoned executive with nearly 40 years in the
energy sector in the United States and internationally. Carol is
currently the Chief Executive Officer at Battersea Energy LLC, an
energy consulting company and she previously served as Principal
Deputy Director in the Office of Policy at the U.S. Department of
Energy (“DOE”).
“We are excited to have Carol join our Board of Directors,” said
Dr. Patrick Gruber, CEO of Gevo. “Her industry expertise and
Department of Energy experience will be an invaluable resource to
Gevo as we work towards our goal of production and delivery of a
billion gallons of sustainable aviation fuel.”
In her ten years with the DOE, Carol led multi-billion dollar
technical programs; ran the Energy Efficiency and Renewable Energy
field operations office, and was a key contributor to two
multi-Agency energy policy reviews. Prior to the DOE, Carol worked
for 25 years in the energy industry for BP where she held roles in
operations management, strategy development, financial management,
and policy development.
Carol holds a BS in Engineering from Purdue University with a
specialization in environmental engineering and an MBA from Case
Western Reserve University.
Carol serves on the Board of Directors for BluEarth Renewables
Inc., a private renewable energy production company; and previously
served on the Board of Directors for Arotech Corporation, a
portable energy solution and training simulator company, from
2016-2017 where she served as the chair of the Nominating Committee
and as a member of the Audit Committee.
“I’m excited to join the Gevo team and contribute to the
company’s mission of creating a more sustainable future through the
use of renewable technologies,” said Ms. Battershell. “Gevo’s work
in this space is remarkable, and I am excited by the momentum that
is continuing to build.”
The addition of Carol Battershell to the Gevo Board of Directors
is effective immediately.
About Gevo
Gevo’s mission is to transform renewable energy and carbon into
energy-dense liquid hydrocarbons. These liquid hydrocarbons can be
used for drop-in transportation fuels such as gasoline, jet fuel
and diesel fuel, that when burned have potential to yield net-zero
greenhouse gas emissions when measured across the full life cycle
of the products. 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, resulting in low-carbon fuels with
substantially reduced carbon intensity (the level of greenhouse gas
emissions compared to standard petroleum fossil-based fuels across
their life cycle). 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 problems of 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 it possesses the
technology and know-how to convert various carbohydrate feedstocks
through a fermentation process into alcohols and then transform the
alcohols into renewable fuels and materials, through a combination
of its own technology, know-how, engineering, and licensing of
technology and engineering from Axens North America, Inc., which
yields the potential to generate project and corporate returns that
justify the build-out of a multi-billion-dollar business.
Gevo believes that the Argonne National Laboratory GREET model
is the best available standard of scientific-based measurement for
life cycle inventory or LCI.
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, without limitation,
including the appointment of Carol Battershell 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, 2021,
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.
Media Contact
Heather L. Manuel+1 303-883-1114PR@gevo.com
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