25 June 2012 00:00 [Source: ICB]
Gevo to continue production and sales unrestricted while Butamax appeals
This follows a US court ruling denying Butamax Advanced Biofuels' request for a preliminary injunction against Gevo in an ongoing patent infringement dispute between the two US-based renewable chemical firms.
Judge rules in favor of Gevo in patent fight with Butamax
The court's decision means that Gevo is once again free to sell in any market, to any customer, in any region, the company said.
The companies are locked in a patent dispute over the production of bio-based isobutanol.
"We are pleased that the first judicial decision in this dispute landed decisively in favor of Gevo," said Brett Lund, Gevo executive vice president and general counsel.
He added that the court ruled that contrary to Butamax's claims, Butamax did not hold a valid patent and that Gevo did not infringe upon a Butamax patent.
Butamax plans to appeal the ruling. "This is an early step in a long and complex litigation process," said Butamax CEO Paul Beckwith. "We remain highly confident in the ultimate outcome of this case and our other cases against Gevo."
A full trial of the case has been scheduled for April 2013, Butamax said.
Each company has three lawsuits pending against the other on bio-based isobutanol production technology, with five cases filed this year.
Gevo said most of its production at Luverne will be consumed by Sasol for solvents and specialty chemicals. Sasol has an initial three-year supply contract.
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