Gevo Inc (GEVO) Sector
Energy

(Current) $1.53
0.04 (2.68%) Open Price: 1.53

 

Gevo Inc. is a renewable chemicals and advanced biofuels company based in Englewood, Colorado. It was founded in 2005 by Dr. Patrick Gruber and Frances Arnold and went public in 2011. The company uses renewable resources such as corn and other agricultural products to produce a range of products including low-carbon fuels and chemicals.

 

Gevo's primary focus is the development of next-generation biofuels and renewable chemicals, with a goal of reducing greenhouse gas emissions and advancing sustainable practices in the industry. The company has developed technology that converts plant-based materials into isobutanol, a versatile chemical that can be used in a wide range of applications. Gevo has also developed a process to convert isobutanol into renewable jet fuel and gasoline that can be used in existing infrastructure.

 

The company has established partnerships with various organizations, including the U.S. Department of Energy and the U.S. Navy, to further develop its technology and advance the use of renewable fuels. Gevo is also working with companies in the aviation industry to promote the use of renewable jet fuel, which has been shown to reduce greenhouse gas emissions by up to 80%.

 

Gevo's approach to sustainable production has earned it recognition from organizations such as the U.S. Environmental Protection Agency and the Low Carbon Fuels Coalition. The company has also received funding from various sources to support its research and development efforts. In addition to its focus on sustainability, Gevo is also committed to using its technology to promote economic development in rural communities and reduce dependence on foreign oil.

 

In recent years, Gevo has expanded its operations to include the production of renewable gasoline, which it is currently producing at a demonstration facility in Texas. The company is also exploring the use of its technology to produce renewable chemicals, which could have a range of applications in industries such as plastics and textiles.

 



 

(10/02/24) $1.53
(10/03/24) $1.49
(10/03/24) (Qty.)3,727,402
(10/02/24) $1.46
(10/02/24) $1.59
(09/08/24) $0.67
(09/29/24) $1.84
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