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Gevo, Inc

Gevo, Inc

Gevo, Inc is a renewable chemicals and advanced biofuels company founded in 2005 by Frances H. Arnold, Frances Arnold, Matthew Peters and Peter Meinhold.

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.

Gevo is a company that Chief Executive Officer and director Patrick R. Gruber has established and served since 2007. The company aims to figure out ways to reduce greenhouse gas emissions. Gevo also introduces net-zero projects, carbon-neutral fuels, and renewable gas products.

Next-generation renewable gasoline

Gevo commercializes the next generation of renewable gasoline, jet fuel, and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle).

Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. Addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo penetrates the growing low-carbon fuels market depending on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.

Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion dollar business.

Net-zero projects

Gevo's net-zero projects result in the construction of facilities designed to produce liquid hydrocarbons in the form of sustainable aviation fuel and renewable gasoline. These fuels, when used for transportation, should have a net-zero greenhouse-gas footprint as measured across the entire lifecycle, based on the Argonne National Laboratory’s GREET model. The Argonne GREET model counts carbon reductions toward sustainability, but it also looks at other factors, such as land-use contributing to the food chain, the effect on water resources, and reducing other forms of waste.

Gevo seeks to secure investment agreements with strategic and financial project investors for Net-Zero projects if terms are attractive. Net Zero projects are moving forward, with planning and front-end engineering determining capital costs for development.

Timeline

May 2010
Gevo, Inc raises a $32,600,000 series D round from Burrill & Company, Khosla Ventures, Lanxess, Osage University Partners, Spruce Capital Partners, Total Ventures, TriplePoint Capital and Xeraya Capital.
August 2009
Gevo, Inc raises a $40,000,000 venture round from Burrill & Company, Khosla Ventures, Malaysian Life Sciences Capital Fund, Osage University Partners and Total Ventures.
May 2008
Gevo, Inc raises a $17,000,000 series C round from Burrill & Company, Khosla Ventures, Malaysian Life Sciences Capital Fund and Virgin Green Fund.
March 2007
Gevo, Inc raises a $2,500,000 series A round from Khosla Ventures.
August 2005
Gevo, Inc raises a $500,000 series A round from Khosla Ventures and Osage University Partners.
July 18, 2005
Gevo, Inc was founded by Frances Arnold, Frances H. Arnold, Matthew Peters and Peter Meinhold.

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