Gevo to install Shockwave’s Thermodynamic Corn Fractionation Process at Luverne facility

In Colorado, Gevo, Inc. announced that it has entered into two separate operating leases and service agreements with Shockwave LLC to install Shockwave’s Thermodynamic Corn Fractionation Process as well as related technology and equipment at Gevo’s production facility in Luverne, MN whereby Shockwave is financing its equipment required for this multi-million dollar project and is providing certain performance guarantees for the Shockwave Process. The Shockwave Process is expected to improve profitability of Gevo’s Luverne Facility by lowering the cost of ethanol and isobutanol production, increasing the number and value of feed and protein products, producing corn oil for food use, and helping to lower the overall carbon footprint for the facility.

The Shockwave Process is expected to be operational during the first quarter of 2019.  Gevo’s deployment of this process is an important step of its previously announced strategy to deploy capital at its Luverne Facility, and to make certain changes and improvements to produce low-carbon ethanol side-by-side with low-carbon isobutanol.  In addition to the Shockwave Process, Gevo also plans to debottleneck production and optimize the Luverne Facility’s energy and equipment infrastructure to use lower amounts of fossil-based energy sources to fully implement its strategy to produce low-carbon intensity ethanol.