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Gevo inks joint development agreement with TOTAL's polymers division to develop renewable isoamylene

Isoamylene is used in a wide set of applications, including resins, pesticides, pharmaceuticals, healthcare products and more

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Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3) has signed a joint development agreement with TOTAL Cray Valley, part of the oil giant’s polymers division, to produce renewable isoamylene, the company announced Wednesday. 

Isoamylene is used in a wide set of applications, including resins, pesticides, flavors and fragrances, pharmaceuticals, healthcare products, adhesives, antioxidants and UV stabilizers, the company said.

“This collaboration is a spinoff of Gevo’s chemical-based catalytic processes that selectively converts low-value fusel oils, a mixture of alcohols that are byproducts from fermentation processes such as ethanol or isobutanol production, into renewable isoprene, ketones, aldehydes, or olefins,” Gevo CEO Patrick Gruber said in a statement.

READ: Water Tower Research says project finance is key to the next stage of Gevo’s evolution

Fusel oils are a huge potential resource, he explained.

“Fusel oils from the ethanol industry alone equate to about 2.5 million tons of potential bio-based waste feedstock and this alliance will be another move towards the delivery of low carbon sustainable chemicals,” Gruber said.

Gevo is commercializing the next generation of gasoline, jet fuel, and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need to reduce greenhouse gas emissions with sustainable alternatives.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel

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Price: 1.07 USD

NASDAQ:GEVO
Market: NASDAQ
Market Cap: $81.03 m
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Gevo well capitalized to advance efforts to develop production facilities...

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on 09/09/2020

2 min read