November 8, 2017
ENGLEWOOD, Colo., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:GEVO), announced today that its alcohol-to-jet fuel (ATJ) derived from renewable isobutanol is being used today by eight commercial airlines for Fly Green Day, sponsored by the O’Hare Fuel Committee, at Chicago O’Hare International Airport. This event is the first time renewable jet fuel has been supplied at Chicago O’Hare using the existing airport fueling infrastructure, such as pipelines, terminals and tankage.
To date, airlines and airports have generally relied on alternative means of supplying renewable jet fuel to the wing, usually trucking jet fuel on site for blending and fueling. For today’s Fly Green Day, Air BP blended Gevo’s ATJ with regular fossil-based Jet A fuel, certified its quality and then supplied its customers through the airport’s main fuel hydrant system.
Commercial airlines participating in today’s event are:
-Cathay Pacific Airways
“This is the first time we have supplied our customers with biojet produced from alcohol and demonstrates how we are working with multiple suppliers to build a leadership position in this area,” said Air BP’s Chief Executive Officer Jon Platt. “We anticipate that through this promotion we will inspire more of our customers to use lower carbon fuels.”
“We are excited to be a part of this project. This is the next stage in development of our goal to reduce greenhouse gas emissions and move forward with the full commercial deployment of renewable jet fuel,” said Thorsten Luft, Vice President Corporate Fuel for Lufthansa AG.
“This is a significant milestone as we continue to develop our ATJ platform. We fundamentally believe that our ATJ is one of the most cost competitive bio-based jet alternatives in the market place. Leveraging existing supply infrastructure should lower the full cost to serve our end customers. Jet fuel is one of Gevo’s core market segments and this represents the next step in building a profitable business from this market vertical,” said Dr. Patrick Gruber, Gevo’s Chief Executive Officer.
Gevo is a renewable technology, chemical products, and next generation biofuels company. Gevo has developed proprietary technology that uses a combination of synthetic biology, metabolic engineering, chemistry and chemical engineering to focus primarily on the production of isobutanol, as well as related products from renewable feedstocks. Gevo’s strategy is to commercialize bio-based alternatives to petroleum-based products to allow for the optimization of fermentation facilities’ assets, with the ultimate goal of maximizing cash flows from the operation of those assets. Gevo produces isobutanol, ethanol and high-value animal feed at its fermentation plant in Luverne, Minnesota. Gevo has also developed technology to produce hydrocarbon products from renewable alcohols. Gevo currently operates a biorefinery in Silsbee, Texas, in collaboration with South Hampton Resources Inc., to produce renewable jet fuel, octane, and ingredients for plastics like polyester. Gevo has a marquee list of partners including The Coca-Cola Company, Toray Industries Inc. and Total SA, among others. Gevo is committed to a sustainable bio-based economy that meets society’s needs for plentiful food and clean air and water.
Read the original press release: On Fly Green Day, Eight Airlines Fly with Gevo’s Jet Fuel from O’Hare Air BP Provides Commercial Validation of Jet Fuel Delivery System at Chicago O’Hare with Renewable Jet Fuel