Gevo’s low-carbon sustainable fuels reduce greenhouse gas emissions
Gevo, Inc. (NASDAQ: GEVO) announced today that the US Global Change Research Program recently published the Fourth National Climate Assessment report on climate (2018: Impacts, Risks, and Adaptation in the United States: Fourth National Climate Assessment, Volume II: Report in Brief) which is available at https://nca2018.globalchange.gov/. The report which is mandated by statute to be produced and provided to Congress and the President at least every 4 years concludes that the effects of climate change are already being felt in communities throughout the United States and that without substantial and sustained mitigation efforts, climate change will cause significant economic losses in the United States.
One of the 12 key summary findings states: “Communities, governments, and businesses are working to reduce risks from and costs associated with climate change by taking action to lower greenhouse gas emissions and implement adaptation strategies. While mitigation and adaptation efforts have expanded substantially in the last four years, they do not yet approach the scale considered necessary to avoid substantial damages to the economy, environment, and human health over the coming decades.”
“Every time any of us uses a fossil-based fuel for transportation, whether it be jet fuel, gasoline, or diesel, fossil-based greenhouse gasses are produced and added to the Earth’s atmosphere. This is a technical fact that cannot be debated. At Gevo, our mission and technologies are focused on providing advanced biofuels that reduce the emission of greenhouse gasses. Right now, Gevo has already demonstrated commercially that it can replace the fossil content in jet fuel and gasoline with a sustainable low-carbon renewable jet fuel and gasoline that do not sacrifice performance, and in fact can enhance performance. None of us should believe the hype that nothing can be done. It can. We believe that low-carbon, sustainably produced fuels will be a critical part of the U.S. economy in the coming years and that Gevo is uniquely situated to contribute significantly in these very large and important markets,” said Patrick R. Gruber, Chief Executive Officer, Gevo, Inc.
Gevo is a next generation “low-carbon” fuel company focused on the development and commercialization of renewable alternatives to petroleum-based products. Low-carbon fuels reduce the carbon intensity, or the level of greenhouse gas emissions, compared to standard fossil-based fuels across their lifecycle. The most common low-carbon fuels are renewable fuels. Gevo is focused on the development and production of mainstream fuels like gasoline and jet fuel using renewable feedstocks that have the potential to lower greenhouse gas emissions at a meaningful scale and enhance agricultural production, including food and other related products. In addition to serving the low-carbon fuel markets, through Gevo’s technology, Gevo can also serve markets for the production of chemical intermediate products for solvents, plastics, and building block chemicals. Learn more at our website: www.gevo.com