Search Results for 'gevo'

Gevo reports targeting “break-even at Luverne by year-end”.

“By running the SBS we have dramatically reduced our cash burn at the plant and we are targeting breakeven at Luverne by year end,”  Gevo CEO Pat Gruber is reporting. Gevo also reported that Isobutanol yields have reached >90% of target based on starch content, up from approximately 70% prior to running its new side-by-side […]

July 30, 2014 More

All-renewable plastic bottles creep closer: Gevo shipping renewable PX to Toray

  Major step towards stable commercial supply chain for 100% renewable plastic bottling; big step forward for Gevo’s Silsbee operations in paraxylene, jet fuel and iso-octane. From Colorado, news has arrived that Gevo is now selling paraxyleme to Toray, one of the world’s leading producers of fibers, plastics, films, and chemicals. It’s producing PX from […]

June 2, 2014 More

Gevo reports $12M loss for Q1, starts up ethanol ops to slow cash burn

In Colorado, Gevo reported a net loss for Q1 2014 of $12.0M, compared to $18.4M for Q1 2013, on revenues of $900,000. The company completed Q1 with $8.4M on hand, though it closed a $25.9M private debt financing with Whitebox Advisors consisting of a senior secured term loan, exchangeable into senior secured convertible debentures, and […]

May 15, 2014 More

Gevo raises $25.9M via senior debt from Whitebox Advisors

In Colorado, Gevo announced the closing of a $25.9M financing with Whitebox Advisors consisting of a senior secured term loan exchangeable into senior secured convertible debentures. Gevo also has an option to draw an additional $5.2 million if certain conditions are met. The Term Loan includes a first priority lien on all of the Company’s assets […]

May 11, 2014 More

Gevo teams with Lufthansa to test aviation biofuel

In Colorado, Gevo announced that it has come to an agreement with Lufthansa to evaluate Gevo’s renewable jet fuel with the goal of approving Gevo’s alcohol-to-jet fuel (ATJ) for commercial aviation use. Lufthansa’s testing is being supported through work with the European Commission.

April 23, 2014 More

Gevo inserts “going concern” statement in annual report

In Colorado, Gevo filed its 10-K annual report with the SEC. Excepts are as follows: “For the year ended December 31, 2013, we incurred a consolidated net loss of $66.8 million and had an accumulated deficit of $262.2 million. From inception to December 31, 2013, we have incurred significant net losses and have funded our […]

April 15, 2014 More

Gevolution 2014: Gevo’s forward progress, and some side-by-side

As Gevo reports its 4Q results and adds back some ethanol production, we look at the short-term gains and the long-term implications. Why ethanol, why now — what’s the latest news mean from this signature advanced biofuels and chemicals venture? This week, Gevo reported its year-end results, generally in line with expectations, with a $0.35 […]

March 27, 2014 More

Gevo must prove commercial production, assert Cowen & Co analysts

In New York, Cowen & Co analysts Rob Stone and James Medvedeff wrote that, in the case of Gevo and its upcoming earnings announce, the “Need for commercialization progress trumps Licensing LOIs, minor legal setback.” The analysts wrote that “A nascent licensing model would enable high margin revenue with minimal capital outlay. However, we believe […]

March 23, 2014 More

Gevo: Transformative Technologies 2014 nominee, “Plant or integrated biorefinery”

This is the official Transformative Technologies 2014 nominee page for Gevo, nominated in the “Plant or integrated biorefinery” category for its Luverne, MN project. Voting Rules All voting is exclusively via social media this year. To vote, simply click on the Tweet, Like or Share link in on this page. Each tweet, like or share will […]

March 10, 2014 More

Gevo: Transformative Technologies 2014 nominee, “Transformative molecule (biobased chemical)”

This is the official Transformative Technologies 2014 nominee page for Gevo, nominated in the “Transformative molecule (biobased chemical)” category for its GIFT isobutanol technology. Voting Rules All voting is exclusively via social media this year. To vote, simply click on the Tweet, Like or Share link in on this page. Each tweet, like or share will […]

March 10, 2014 More