Gevo, Inc. : Mark Udall, United States Senator for Colorado, Visits Gevo,
Advocates Alternative Energy Solutions
ENGLEWOOD, Colo. - January 17, 2013 - Unites States Senator Mark Udall of
Colorado toured and met with Gevo, Inc. (NASDAQ: GEVO) yesterday to discuss
the importance of alternative energy technologies for Colorado and the U.S.
Senator Udall met with Chief Executive Officer Patrick Gruber, Ph.D. to
discuss renewable energy options and see first-hand the innovative research
and development Gevo has done that will enable it to be a leading provider of
renewable chemicals and biofuels.
The Colorado-based company's commercialization efforts are focused primarily
on isobutanol, a four carbon alcohol, and its derivatives. 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 renewable isobutanol-derived raw
materials without modification to their equipment or production processes.
Isobutanol can drop into existing infrastructure, providing for
straightforward integration into existing refining and petrochemical
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.
"Some of the best clean energy thinking in the country, and in fact, the
world, is coming out of Colorado," said Gruber. "Gevo is a prime example of
how Colorado is a hotbed for development of technologies that solve tomorrow's
renewable energy challenges today. We are very pleased that Senator Udall is
such a staunch advocate for the renewable energy industry and that he was able
to see some of the process technology that makes Gevo a leading renewable
chemicals and advanced biofuels company."
Senator Udall remarked that it was a treat to visit Gevo. "I see every day the
cost of being so dependent on foreign sources of oil," he said. "What I love
about what Gevo is doing is they're helping create a future where we won't be
so dependent, where the U.S. can maintain our superiority and, in the process,
enhance our national security, keep innovating, and create jobs. Gevo is
brewing new formulas, materials, and chemicals for the fuels of the future."
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.
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.
Gibbs & Soell for Gevo, Inc.
T: (212) 697-2600
T: (303) 858-8358
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information contained therein.
Source: Gevo, Inc. via Thomson Reuters ONE
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