Gevo (GEVO) welcomes Alaska Airlines endorsement of Washington State Low Carbon Fuel Standard

Gevo, Inc. (NASDAQ: GEVO), a leading sustainable aviation fuel (SAF) producer, welcomed the news of Alaska Airlines’ and Washington state Governor Inslee’s support of Washington’s low carbon fuel legislation.

“The Pacific Northwest, and the Seattle area in particular, is a leader to make our world more sustainable. The value to decarbonize and reduce greenhouse gas emissions is real,” stated Patrick Gruber, Chief Executive Officer of Gevo “The legislation that Governor Inslee proposes, which is supported by Alaska Airlines, would be expected to make the Pacific Northwest more attractive for, and a production location of, the new generation of fuels. We see that there are potential attractive production sites in the region given the abundance of renewable resources available. In 2016 Gevo was the first to make and supply wood based jet fuel that was used by Alaska Airlines. In 2019 we were awarded the opportunity to supply the City of Seattle with advanced low carbon fuels for their fleet automobiles. We see tremendous potential in the state of Washington. Every drop of sustainable low-carbon fuel we get into the market is a win and helps to change the conversation about what is possible for the future.”

In November 2019, the Biotechnology Innovation Organization (BIO) and the Low Carbon Fuel Coalition (LCFC) launched a joint initiative to drive adoption of renewable fuel policies in US states. The organizations will work to advance policies that will support green energy breakthroughs to decarbonize transportation, which leads all other sectors in greenhouse gas emissions.

California has also been leading the way in decarbonizing its transport sector. Since implementing its comparable low carbon fuel standard in 2011, the state has prevented over 50 million tons of carbon from being emitted. The California LCFS program has made a tremendous impression on other communities attempting to reduce their carbon footprint. There are several states, such as New York, that have already adopted, or are considering adoption of, LCFS-like programs.

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