Gevo, Inc

Gevo, Inc

Gevo, Inc is a renewable chemicals and advanced biofuels company founded by Frances H. Arnold.

Gevo, Inc is a renewable chemicals and advanced biofuels company that is headquartered in Englewood, Colorado and was founded in 2005 by Frances Arnold and Patrick R. Gruber. The company uses it technological platform form to convert low-cost renewable carbon raw materials and convert them to renewable alcohols which can be further processed into chemicals, materials, and hydrocarbons. Products offered by Gevo, Inc include low carbon renewable jet fuel, renewable gasoline, isobutanol blendstocks, animal feed and proteins, and ingredient products.

History

In 2018, the co-founder of Gevo, Inc, Frances Arnold, was awarded the Nobel Prize for her work on 'the directed evolutions of enzymes'.

On September 16, 2019 Gevo, Inc announced securing a 5.0 MW supply of 100% renewable electricity for the companies production facility in Luverne, Minnesota. The CEO of Gevo, Inc, Patrick R. Gruber, had the following to say about the people of Rock Country and the city of Luverne regarding the company being able to run their facility of renewable energy:

I want to thank the City of Luverne and the Commissioners and people of Rock County in making this project happen. Juhl Energy has been a great partner, and they know how to get things done. I appreciate their work not only in making the project a reality but for figuring out and arranging the funding too. Our plans call for us to invest in and build out our Agri-Energy site, producing renewable jet fuel and isooctane. Luverne has the potential to be a showcase for the world. Eliminating our carbon footprint from electricity is the right thing to do. We've taken a great step forward.

Timeline

May 13, 2008

Gevo, Inc raises a $17,000,000 series C round from Malaysian Life Sciences Capital Fund, Virgin Green Fund and Khosla Ventures.

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