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Gevo and BioFuel Energy to collaborate to pursue large-scale isobutanol production
26 June 2012
Gevo, Inc. announced progress under a collaboration with BioFuel Energy Corp to explore high-volume production of isobutanol.
Although Gevo and Biofuel Energy signed a Development Agreement earlier this year, the companies only recently completed their preliminary evaluation of technical feasibility. The companies plan to continue working to develop large-scale production of isobutanol at an existing or future BioFuel plant.
Specific objectives include a more rigorous assessment of technical feasibility and the development of timelines for engineering, regulatory approvals, financing and construction. The two companies will also explore the potential for seeking Advanced Biofuel status for isobutanol, which would allow domestic corn-based biofuels to compete more directly with biodiesel and imported ethanol produced from sugarcane.
Gevo recently began the start up of its first commercial-scale isobutanol plant in Luverne, Minn. with plans for another startup in 2013 at its Redfield, SD joint venture. By working with BioFuel Energy, Gevo is continuing to execute on its growth strategy and setting a clear path to achieving its projected volume targets.
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