Gevo Gains After Boosting Isobutanol Output in Minnesota

Gevo Inc. (GEVO), the U.S. biofuel producer backed by French oil company Total SA, gained the most in three months after saying it was simultaneously producing isobutanol and ethanol at its Minnesota plant.

Gevo rose 13 percent to close at 70 cents in New York.

The Englewood, Colorado-based company began side-by-side production of the two compounds in June, making isobutanol in one of four fermenters at its plant in Luverne, Minnesota, Gevo said yesterday in a statement after regular trading closed.

Gevo uses corn and plant waste to make isobutanol, which may be blended with gasoline or converted into hydrocarbon fuels and chemicals. The company previously had sought to manufacture that compound exclusively.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editors responsible for this story: Reed Landberg at landberg@bloomberg.net Robin Saponar

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.