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Gevo wins bid to provide renewable gasoline for Seattle fleet vehicles

The company has been awarded a four-year contract to supply at minimum 200,000 gallons/year of renewable isobutanol and 600,000 gallons/year renewable isooctane

Gevo Inc - Gevo wins bid to provide Seattle renewable gasoline for it fleet vehicles
Gevo is a next-generation 'low-carbon' fuel company focused on the development and commercialization of renewable alternatives to petroleum-based products.

Gevo Inc (NASDAQ:GEVO), a leading renewable fuels and chemicals manufacturer, announced Monday it has won a bid to provide Seattle with renewable gasoline for its fleet vehicles. 

In a statement, the company said it has been awarded a four-year contract, with three two-year extensions, to supply at minimum 200,000 gallons/year of renewable isobutanol and 600,000 gallons/year renewable isooctane (renewable gasoline) to the city to displace fossil-based gasoline. 

The bidding process was part of Seattle’s Green Fleet Action Plan (GFAP) authored by Philip Saunders, Seattle’s Green Fleet program manager, to tackle its fleet emissions aggressively. 

READ: Gevo to supply its sustainable aviation fuel for aircraft flying to general aviation’s largest tradeshow

Within the Puget Sound region, transportation accounts for over 60% of greenhouse gas (GHG) emissions, so the city has been acutely focused on reducing emissions in support of its Climate Action Plan. Seattle has made “greening the fleet” part of its GFAP, a significant effort over the last 10 years and has clearly articulated two simple and measurable goals: Reduce GHG emissions by 50% by 2025 and use only fossil-fuel-free (F3) fuel by 2030.  

“The City of Seattle is making a measurable difference, and together, we can reach the goals of its Green Fleet Action Plan. The city is again illustrating what is possible; to break away from fossil-based fuels and to reduce CO2 and particulate emissions, as well as other related pollution,” said Gevo CEO Patrick Gruber. 

“These volumes are a great initial starting point to make some real change. Gevo will again supply isobutanol then migrate into our renewable gasoline through the use of isooctane, once the Luverne plant is expanded up to 10-12 MGPY.”

For this program, Gevo has partnered with certified veteran and minority-owned small businesses, Scooter J Logistics and Small and Sons Oil Distribution Company, to deliver the final blended renewable gasoline products. These businesses will coordinate the blending, logistics, and delivery of the final product to the city.

Contact the author: [email protected]

Follow him on Twitter @PatrickMGraham



Quick facts: Gevo Inc

Price: 0.81 USD

Market: NASDAQ
Market Cap: $11.84 m

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