Gevo Inc (NASDAQ:GEVO), which is producing a new generation of low-carbon, drop-in, liquid transportations fuels, said Thursday it 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, the company said in a statement.
The RSB certification provides validation that Gevo’s business model works from a sustainability point of view and demonstrates that the company’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.
“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,” said Rolf Hogan, RSB’s executive director.
“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 Minnesota operates as Agri-Energy. The fuel is created using corn starch, and for every 1 million gallons produced, approximately 10 million pounds of animal feed and protein are sold into 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, the company said.
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 -- while addressing any possible social and environmental challenges.
Shares of the Englewood, Colorado-based company recently traded up 1.2% to $2.12 each in New York.
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