Gevo Congratulates Nobel-Prize Winner and Co-founder, Frances Arnold for Being Named to President-Elect Joe Biden’s Science...
January 19 2021 - 9:00AM
Gevo, Inc. (NASDAQ: GEVO) announced today that Frances H. Arnold, a
Nobel-Prize recipient and Gevo’s Co-Founder, has been named to
President-Elect Joe Biden’s Science Team. The Science Team is
tasked with marshaling the force of science to drive meaningful
progress in the lives of people. The Science Team will help the
Biden-Harris administration confront some of the biggest crises and
challenges of our time, including climate change.
Patrick R. Gruber, the Chief Executive Officer
of Gevo, said, “This appointment is well deserved. Gevo has
benefited from Professor Arnold’s outstanding work in developing
enzymes crucial to our technology. Gevo has used science to create
technology that has established Gevo as a leader that transforms
renewable energy and carbon into energy dense liquids that have the
potential to achieve a net-zero greenhouse footprint when used as
drop-in fuels for transportation and other uses. Gevo looks forward
to playing it’s part in reducing greenhouse gas emissions.”
About GevoGevo has a mission to
transform renewable energy into low carbon transportation
fuels. This next generation of renewable premium 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.
Gevo believes that Argonne National Laboratory
GREET model is the best available standard of scientific based
measurement for life cycle inventory or LCI.
Learn more at our website: www.gevo.com
Forward-Looking
StatementsCertain 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 relate to a variety of matters,
including, without limitation, statements related to Gevo’s
technology and the ability of its products to lower greenhouse gas
emissions, and other statements that are not purely statements of
historical fact. These forward-looking statements 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, 2019, 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 ContactIR@gevo.com+1
720-647-9605
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