Tony Wells Joins Gevo as General Manager for Net-Zero 1
June 24 2021 - 9:00AM
Gevo, Inc. (NASDAQ:GEVO), announced today that Tony Wells has
joined Gevo as its General Manager/Site Leader for its future
Net-Zero 1 facility expected to be located in Lake Preston, South
Dakota. Mr. Wells brings 30+ years of operations management,
engineering, and business development experience across industries
including corn milling, food processing, ethanol and biodiesel
production. He is expected to lead and assemble the organization
that will operate the Net-Zero 1 facility.
"Tony is the real deal. He is a ‘been there, done it’ person and
a skilled general manager. He knows how to build teams and
operations. His experience in engineering and plant design should
not be lost on anyone either. We are glad to have him with us. He’s
good," said Dr. Patrick R. Gruber, Gevo's Chief Executive
Officer.
“Becoming part of the team behind Net-Zero 1 is a monumental
privilege,” said Mr. Wells. “Assembling the team that will be
the driving force of this first of its kind, state-of-the-art
facility is the highlight of my career,” continued Mr. Wells.
About Gevo
Gevo’s mission is to transform renewable energy and carbon into
energy-dense liquid hydrocarbons. These liquid hydrocarbons can be
used for drop-in transportation fuels such as gasoline, jet fuel
and diesel fuel, that when burned have potential to yield net-zero
greenhouse gas emissions when measured across the full life cycle
of the products. 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 life cycle). 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 the Argonne National Laboratory GREET model
is the best available standard of scientific-based measurement for
life cycle inventory or LCI.
Learn more at Gevo’s website: www.gevo.com
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 relate to a variety of matters, without limitation,
including the hiring of Tony Wells, Gevo’s technology, Gevo’s
Net-Zero 1 project, Gevo’s products, Gevo’s ability to produce
products with “net-zero” 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, 2020,
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+1
720-647-9605IR@gevo.com
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