Gevo (GEVO) Says Alaska Airlines to Fly Today on Its Cellulosic Renewable Alcohol to Jet Fuel
Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.
Gevo, Inc. (NASDAQ: GEVO), announced that the first commercial flight using Gevo’s cellulosic renewable alcohol to jet fuel (ATJ) is expected to take place today originating in Seattle and flying to Ronald Reagan Washington National Airport.
Previously, on October 11, 2016, Gevo announced that it had completed production of the world’s first cellulosic renewable jet fuel that is specified for commercial flights. Gevo successfully adapted its patented technologies to convert cellulosic sugars derived from wood waste into renewable isobutanol, which was then further converted into its ATJ. This ATJ meets the ASTM D7566 specification allowing it to be used for commercial flights. The cellulosic ATJ was produced in conjunction with the Northwest Advanced Renewables Alliance (“NARA”). NARA supplied the sugars that were derived from forest residuals in the Pacific Northwest. Gevo produced the cellulosic renewable isobutanol in St. Joseph, Missouri. The cellulosic renewable isobutanol was then transported to Gevo’s biorefinery facility in Silsbee, Texas, where the cellulosic renewable isobutanol was converted into ATJ.
Today’s flight follows on the back of the two commercial flights that were flown by Alaska Airlines on Gevo’s ATJ in June of this year. The ATJ for the June flights was derived from isobutanol produced at the Gevo’s facility in Luverne, MN, using sustainable corn as the sugar feedstock.
Gevo believes that its renewable ATJ has the potential to offer the most optimized operating cost, capital cost, low carbon potential, feedstock availability, scalability, and translation across geographies, as compared to other renewable jet fuel options.
“This first of its kind flight demonstrates Gevo’s commitment and ability to convert next generation cellulosic feedstocks into fungible hydrocarbons. We are pleased that we had the opportunity to prove, through the NARA project, that cellulosic sugars from wood can be used to successfully make commercial jet fuel. We congratulate all of our fellow NARA partners and thank the U.S. Department of Agriculture, National Institute of Food and Agriculture, for its unwavering support in the pursuit of renewable jet fuel. I also thank Alaska Airlines, who continues to be a great partner,” said Pat Gruber, Gevo’s Chief Executive Officer.
Gevo is a leading 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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Vera Bradley (VRA) Tops Q3 EPS by 1c; Offers Light Q4 Outlook; Enters New Licensing Agreements
- ARIAD Pharma (ARIA) Presents Strong Data from Brigatinib ALTA Trial in ALK+ NSCLC
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Momentum Movers
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!