Gevo/Agri-Energy Earns Sustainability Certification from an Independent International Watchdog Group, the Roundtable of Susta...
February 06 2020 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO), a company producing a new generation of
low-carbon, drop-in, liquid transportations fuels, has received
certification from the Roundtable on Sustainable Biomaterials
(RSB). The certification is for Gevo’s sourcing of sustainable corn
at its production facility in Luverne, Minnesota, and its
production of intermediate feedstock Isobutanol. This certification
provides validation that Gevo’s business model works from a
sustainability point of view. RSB certification demonstrates that
Gevo’s production is sequestering carbon in the soil, meeting
limits on the use of chemicals in the production of its bio-based
feedstock, respecting water, land, labor rights, and ensuring food
security.
Celebrating Gevo’s achievement, RSB’s Executive Director, Rolf
Hogan, had this to say: “Gevo’s RSB certification is a great moment
for the bioeconomy as it demonstrates that key components of jet
fuel can be produced in a way that not only dramatically reduces
greenhouse gas emissions but also ensures real positive social and
environmental impacts. Their innovative agricultural techniques
show that with a commitment to real sustainability via RSB
certification, farmers can be empowered to take a leading role in
the development of a zero carbon economy and Gevo’s recognition of
the importance of using the strongest and most credible
sustainability standard globally continues to help position them as
an industry leader.”
Gevo’s business system in Luverne, Minnesota, operating as
Agri-Energy, is unusual in that for every gallon of jet fuel and
gasoline, advanced hydrocarbon products, that would be produced
there, it also would produce approximately 10 pounds of protein for
the food chain. Regenerative agriculture techniques, such as
precision application of fertilizers and low-till or no-till
cultivation used by farmers to produce the corn, minimizes chemical
usage, and builds soil carbon over time.
This RSB certification complements Gevo’s existing ISCC Plus
certification from the International Sustainability and Carbon
Certification. These independent, global, multi-stakeholder
organizations ensure adherence to a universal approach to a broad
range of risks and ensure real sustainability and lasting solutions
for decarbonizing the aviation industry and beyond — whilst
addressing any possible social and environmental challenges.
About GevoGevo is commercializing the next
generation of gasoline, jet fuel and diesel fuel with the potential
to achieve zero carbon emissions, addressing the market need of
reducing greenhouse gas emissions with sustainable alternatives.
Gevo uses low-carbon renewable resource-based carbohydrates as raw
materials and is in an advanced state of developing renewable
electricity and renewable natural gas for use in production
processes, resulting in low-carbon fuels with substantially reduced
carbon intensity (the level of greenhouse gas emissions compared to
standard petroleum fossil-based fuels across their lifecycle).
Gevo’s products perform as well or better than traditional
fossil-based fuels in infrastructure and engines, but with
substantially reduced greenhouse gas emissions. In addition to
addressing the problems of fuels, Gevo’s technology also enables
certain plastics, such as polyester, to be made with more
sustainable ingredients. Gevo’s ability to penetrate the growing
low-carbon fuels market depends on the price of oil and the value
of abating carbon emissions that would otherwise increase
greenhouse gas emissions. Gevo believes that its proven, patented
technology enabling the use of a variety of low-carbon sustainable
feedstocks to produce price-competitive low carbon products such as
gasoline components, jet fuel, and diesel fuel yields the potential
to generate project and corporate returns that justify the
build-out of a multi-billion-dollar business. Learn more
at www.gevo.com.
About Roundtable on Sustainable
Biomaterials
The Roundtable on Sustainable Biomaterials is an
independent and global multi-stakeholder coalition that works to
promote the sustainability of biomaterials. RSB’s user-friendly
certification scheme is the strongest and most trusted of its kind.
It verifies that biomaterials are ethical, sustainable and
credibly-sourced. The certification is approved by RSB’s members,
including leading NGOs and UN agencies. RSB members work across
sectors to set global best practice for sustainable biomaterial
production. Choosing RSB-certified biomaterials helps build trust
and credibility in the bio-based sector and supports a healthy
bio-based community.
RSB is a global, multi-stakeholder, independent organization
that drives the development of a new world bioeconomy through
sustainability solutions, certification, innovation and
collaborative partnerships. RSB uses a robust, peer-reviewed,
12-principle standard for the bio-based and circular economy that’s
trusted by UN agencies and NGOs all over the world. By creating
credible tools and solutions for sustainability, that mitigate
business risk, RSB contributes to achieving the UN’s Sustainable
Development Goals. RSB is regarded as the most rigorous
certification scheme and includes members such as the World
Wildlife Fund, National Wildlife Federation, Natural Resources
Defense Council, and Solidaridad.
www.rsb.org
Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which include statements related to the certification
received from RSB and Gevo’s sustainability practices, are made on
the basis of the current beliefs, expectations and assumptions of
the management of Gevo and are subject to significant risks and
uncertainty. Investors are cautioned not to place undue
reliance on any such forward-looking statements. All such
forward-looking statements speak only as of the date they are made,
and Gevo undertakes no obligation to update or revise these
statements, whether as a result of new information, future events
or otherwise. Although Gevo believes that the expectations
reflected in these forward-looking statements are reasonable, these
statements involve many risks and uncertainties that may cause
actual results to differ materially from what may be expressed or
implied in these forward-looking statements. For a further
discussion of risks and uncertainties that could cause actual
results to differ from those expressed in these forward-looking
statements, as well as risks relating to the business of Gevo in
general, see the risk disclosures in the Annual Report on Form 10-K
of Gevo for the year ended December 31, 2018, and in subsequent
reports on Forms 10-Q and 8-K and other filings made with the U.S.
Securities and Exchange Commission by Gevo.
Investor and Media Contact Shawn M.
Severson Integra Investor Relations +1 415-226-7747
info@integra-ir.com
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