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.
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