Gevo and Axens Partner to Broaden Their Alliance to Develop and Commercialize Bio-Based Renewable Hydrocarbon Fuels and Also Develop Gevo’s ETO Technology

Core Viewpoint - Gevo, Inc. and Axens have formed a strategic alliance to accelerate the development and commercialization of sustainable aviation fuel (SAF) using the ethanol-to-jet (ETJ) pathway, leveraging Axens' Jetanol™ technology and Gevo's patented ethanol-to-olefins (ETO) technology [1][2][4] Company Overview - Gevo is a diversified energy company focused on producing cost-effective, drop-in fuels that enhance energy security and support rural economic growth, with a commitment to sustainability [5] - Axens provides a comprehensive range of solutions for converting oil and biomass into cleaner fuels, including technologies for carbon capture and storage [7] Strategic Alliance Details - The alliance aims to combine the technical resources of both companies to accelerate the commercialization of Gevo's ETO technology, which is expected to achieve zero carbon intensity or better [2][3] - The partnership builds on previous successful cooperation and aims to maintain leadership in the ETJ space by collaborating with IFPEN for the final development and deployment of Gevo's ETO process [2][4] Economic Impact - Gevo plans to lead the deployment of its ETO technology in North America, aiming to create high-quality jobs and stimulate economic development in rural areas [3] - The collaboration is expected to reduce production and capital costs for drop-in hydrocarbon fuels, potentially creating numerous jobs and promoting regenerative agriculture [4]