Gevo Inc., a leading renewable fuels and chemicals manufacturer, signed a Fuel Sales Agreement with Scandinavian Airline System (SAS) to produce and supply sustainable aviation fuel (SAF) for use and distribution in low carbon fuel regions of the United States. With the finalization of this new supply contract, Gevo will supply SAF to SAS from Gevo’s expanded Luverne, Minnesota plant, which is expected to be constructed over the next several years.
The U.S. Environmental Protection Agency (“EPA”) has approved the pathway for isobutanol produced at Gevo’s Luverne, MNplant to be an advanced biofuel under the Renewable Fuel Standard Program (“RFS”). This is the first time that the EPA has approved a pathway for an advanced biofuel that uses starch from feed corn to produce an alcohol. With a partial substitution of fossil based energy sources that are currently used at Luverne with green energy sources, such as biogas, it should be possible for Gevo, which a leading renewable technology, chemical products, and next generation biofuels company, to achieve the 50% or greater greenhouse gas emissions (“GHG”) reduction needed to claim the advanced D5 Renewable Identification Number (“RIN”) according to the pathway approval.
Gevo, a leading renewable technology, chemical products, and next generation biofuels company, announced yesterday that it has entered into a license agreement and a joint development agreement with Porta Hnos (“Porta”), one of the leading alcohols companies in Argentina, producing almost 100 million liters annually, to construct multiple isobutanol plants in Argentina using corn as a feedstock.
Air travel is more bio-based. Gevo, Inc., the world’s only commercial producer of renewable isobutanol, announced last Tuesday that it has come to an agreement with Lufthansa to evaluate Gevo’s renewable jet fuel with the goal of approving Gevo’s alcohol-to-jet fuel (ATJ) for commercial aviation use. Lufthansa’s testing is being supported through work with the European Commission.