Gevo still has its eye on making Luverne facility profitable
In Colorado, Gevo’s goal is to aggregate enough confirmed commercial off-take to support the capital expense of expanding Gevo’s production facility based in Luverne, MN. Gevo plans to expand its business development capabilities in 2018 to achieve this goal.
Gevo is undertaking several initiatives to improve the cash flow profile of its business in 2018 compared to 2017. This improvement is expected to be achieved by increasing sales of isobutanol into the ethanol-free marketplace, increasing sales of its alcohol-to-jet fuel (ATJ) and isooctane produced out of Gevo’s hydrocarbon demonstration plant based in Silsbee, TX, improving the cash flow profile at the Luverne Facility and reducing overall corporate expenses. Gevo expects to sign its first commercial license in India, through its partnership with Praj Industries.
Category: Fuels
