30 September 2009 16:01 [Source: ICIS news]
LONDON (ICIS news)--Gevo is set to establish a fleet of biorefineries to produce biobutanol through its newly launched development company, Gevo Development, the company said on Wednesday.
The development company will secure production capacity by retrofitting existing ethanol plants to make commercial volumes to meet demand for advanced biofuels, said Gevo CEO Patrick Gruber.
The development company's business model will include acquisitions, joint ventures and tolling arrangements, providing flexibility to existing owners and lenders, Gruber added.
Biobutanol is an advanced biofuel that can be blended directly into gasoline and be used to make renewable hydrocarbons, jet and diesel fuel, chemical intermediates and bio-based plastics.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections