Saturday, May 27, 2017 3:44:58 AM
Bill HB2368 Permits Isobutanol to be Used as a Fuel Additive for On-Road Vehicles
http://ir.gevo.com/phoenix.zhtml?c=238618&p=irol-newsArticle_print&ID=2275912
ENGLEWOOD, Colo., May 23, 2017 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), announced today that a bill recently signed by Arizona Governor Doug Ducey will let gas stations sell isobutanol-blended gasoline for on-road vehicles, enabling higher performing finished fuels with renewable content for drivers in the state.
Bill HB2368 permits isobutanol to be used as an oxygenate in gasoline for on-road vehicles in Arizona. The new law takes effect in August 2017. While the law authorizes the use of isobutanol-blended gasoline for on-road vehicles, Gevo’s isobutanol is already being sold in Arizona for off-road applications such as boating, ATVs, motorcycles and landscape equipment.
Isobutanol is an ideal renewable gasoline blendstock because of its high energy content, high octane, low water solubility and low volatility. Gevo’s isobutanol meets the ASTM 7862 specification that covers isobutanol blends with gasoline.
“We’re excited that this bill will open up a new market for our isobutanol in Arizona. With our distribution partner Musket already serving marinas, Gevo is ready to take advantage of this new opportunity to expand isobutanol sales in the state,” said Dr. Patrick Gruber, Gevo’s Chief Executive Officer.
About Gevo
Gevo is a renewable technology, chemical products, and next generation biofuels company. Gevo has developed proprietary technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstocks. Gevo’s strategy is to commercialize bio-based alternatives to petroleum-based products to allow for the optimization of fermentation facilities’ assets, with the ultimate goal of maximizing cash flows from the operation of those assets. Gevo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Luverne, Minnesota. Gevo has also developed technology to produce hydrocarbon products from renewable alcohols. Gevo currently operates a biorefinery in Silsbee, Texas, in collaboration with South Hampton Resources Inc., to produce renewable jet fuel, octane, and ingredients for plastics like polyester. Gevo has a marquee list of partners including The Coca-Cola Company, Toray Industries Inc. and Total SA, among others. Gevo is committed to a sustainable bio-based economy that meets society’s needs for plentiful food and clean air and water.
Recent GEVO News
- Gevo’s Verity and ClearFlame Announce Transportation Decarbonization Collaboration • GlobeNewswire Inc. • 05/07/2024 01:00:00 PM
- Gevo Reports First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/02/2024 08:01:00 PM
- Gevo’s Sustainable Aviation Fuel Well-Positioned in Light of New Guidance from Treasury Department • GlobeNewswire Inc. • 04/30/2024 08:58:47 PM
- Gevo to Report First Quarter 2024 Financial Results on May 2, 2024 • GlobeNewswire Inc. • 04/17/2024 08:30:00 PM
- Gevo RNG Subsidiary Successfully Remarkets Its Tax-Exempt Green Bonds • GlobeNewswire Inc. • 04/01/2024 08:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 09:03:50 PM
- Gevo Reports Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/07/2024 09:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 09:05:32 PM
- Gevo Hires Damien Perriman as Chief Business Development Officer • GlobeNewswire Inc. • 02/26/2024 02:00:00 PM
- Gevo to Participate in Upcoming Virtual Investor Meetings • GlobeNewswire Inc. • 02/08/2024 06:00:00 PM
- Gevo to Report Fourth Quarter 2023 Financial Results on March 7, 2024 • GlobeNewswire Inc. • 02/08/2024 02:01:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/05/2024 05:15:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 02:10:11 PM
- Gevo Provides Business Update • GlobeNewswire Inc. • 01/24/2024 02:05:00 PM
- Gevo Files New S-3 Ahead of Expiration, Updates ATM Agreement • GlobeNewswire Inc. • 01/16/2024 09:01:00 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 01/16/2024 02:05:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 09:12:45 PM
- Gevo Announces Appointment of Katie Ellet to Board of Directors • GlobeNewswire Inc. • 01/03/2024 09:05:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/26/2023 09:47:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/26/2023 09:33:10 PM
- Gevo VP of Government Relations Lindsay Fitzgerald and VP of Finance & Strategy Eric Frey to Participate in a Water Tower Research Fireside Chat on Tuesday, December 19th at 10:00 am ET • GlobeNewswire Inc. • 12/18/2023 02:00:00 PM
- Gevo Statement on Treasury Guidance for SAF Tax Credit • GlobeNewswire Inc. • 12/15/2023 03:19:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/13/2023 09:48:31 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 09:34:17 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM