Gevo Inc is a renewable chemicals and advanced biofuels company that is focused on the production of low-carbon, renewable gasoline substitutes. The company is headquartered in Englewood, Colorado and was founded in 2005. Gevo's mission is to help decarbonize the transportation sector by producing low-carbon fuels that can replace traditional gasoline and diesel.
Gevo's primary product is renewable gasoline, which is produced using a proprietary fermentation process. The company's technology allows for the production of renewable gasoline that is chemically identical to traditional gasoline, but with significantly lower carbon emissions. Gevo's renewable gasoline can be used in existing gasoline engines without any modifications, making it an attractive option for consumers and businesses looking to reduce their carbon footprint.
In addition to renewable gasoline, Gevo also produces renewable jet fuel, renewable diesel, and renewable isobutanol. These products are all made using the same fermentation process as the company's renewable gasoline, and they offer similar environmental benefits.
Gevo's commitment to decarbonisation is evident in its corporate energy strategy. The company has set a goal to reduce its own carbon footprint by 50% by 2025, and it has implemented a number of initiatives to achieve this goal. One of these initiatives is the use of renewable energy to power its production facilities. Gevo has signed a corporate power purchase agreement (PPA) with a wind farm in Kansas, which will provide the company with renewable energy to power its Luverne, Minnesota production facility. The PPA will allow Gevo to reduce its carbon emissions by approximately 50,000 metric tons per year.
Gevo is also working to reduce its carbon footprint by implementing energy efficiency measures at its production facilities. The company has installed energy-efficient lighting, HVAC systems, and process equipment to reduce its energy consumption and carbon emissions.
Gevo's commitment to renewable energy extends beyond its own operations. The company is also working to promote the use of renewable energy in the transportation sector. Gevo has partnered with Virgin Australia to supply the airline with renewable jet fuel. This partnership is the first of its kind in Australia and represents a significant step forward in the use of renewable fuels in the aviation industry.
Gevo is also working to promote the use of renewable fuels in the automotive industry. The company has partnered with Toyota to test the use of renewable isobutanol in the production of bioplastics. This partnership represents a significant opportunity for Gevo to expand its market beyond the production of renewable fuels.
In conclusion, Gevo Inc is a renewable chemicals and advanced biofuels company that is committed to decarbonising the transportation sector. The company's focus on renewable gasoline and other low-carbon fuels is a significant step forward in the fight against climate change. Gevo's commitment to renewable energy and energy efficiency is evident in its corporate energy strategy, which includes a corporate PPA and energy efficiency measures at its production facilities. The company's partnerships with Virgin Australia and Toyota demonstrate its commitment to promoting the use of renewable fuels in the aviation and automotive industries. Overall, Gevo is a leader in the production of low-carbon fuels and is well-positioned to play a significant role in the transition to a low-carbon economy.