US Gevo signs technology licence agreement with Argentina’s Porta

06 March 2014 20:35 Source:ICIS News

MEDELLIN, Colombia (ICIS)--US-based renewable chemicals and biofuels company Gevo announced on Thursday that it has signed an agreement with Argentine alcohols producer Porta for use of its patented technology to make bio-based isobutanol.

Under the terms of the deal, Cordoba-based Porta will be the exclusive licensee in Argentina of Gevo’s integrated fermentation technology (GIFT) to make isobutanol from renewable sources such as grains, sugarcane and cellulosic feedstocks, the company said.

Isobutanol is used as a solvent and a gasoline feedstock, and can be further processed into jet fuel and feedstocks for the production of synthetic rubber, plastics and polyesters.

“Commercial licensing of our GIFT technology in the US and abroad is the next step in Gevo’s business model, and we are very pleased to be working in Argentina with an industry leader like Porta,” said Gevo’s chief executive officer Patrick Gruber.

Porta owns a 120 cubic metre/day (31,700 gal/day, 120,000 litre/day) ethanol plant, and has designed half of all current ethanol plants in Argentina, according to Gevo.

By Simon West