25 March 2014 23:02 [Source: ICIS news]
The move is due to “steady progress” made in the company’s flexible production technology strategy and current high ethanol margins, Gevo said in a news release.
“Producing both ethanol and isobutanol allows Gevo to fully utilise the Luverne plant and increase cash flow as Gevo continues to commercialise its isobutanol production capabilities,” the company said.
Gevo’s yeast biocatalyst and its proprietary GIFT system uses corn mash to produce isobutanol but can also be used to produce ethanol. The company hopes that, besides the financial benefits of producing ethanol currently, the “side-by-side” production of the two fuels at a single site will broaden the potential licensing market.
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