New York, NY - May 24, 2012 (Investorideas.com renewable energy/green newswire) Investorideas.com, a in renewable energy stock research for independent investors, issues an investor alert for Gevo, Inc. (NasdaqGM GEVO) trading up at $5.89, gaining 0.54 (10.09%) 1:13PM EDT on over 177,000 shares.
The Company reported today it has begun startup of the world’s first commercial biobased isobutanol production plant located in Luverne, Minn.
“At 1 p.m. MDT yesterday we made history by initiating production of biobased isobutanol at commercial scale,” said Dr. Patrick Gruber, CEO of Gevo. “One year ago, we broke ground with a startup goal of less than 12 months and we’ve succeeded. It’s an extremely proud moment for Gevo and a tribute to the drive and ambition of our scientists, chemical engineers and production team.”
Gevo is converting existing ethanol plants into biorefineries to make renewable building block products for the chemical and fuel industries. The Company plans to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a “drop in” basis into existing chemical and fuel products to deliver environmental and economic benefits. Gevo is committed to a sustainable biobased economy that meets society’s needs for plentiful food and clean air and water. For more information, visitwww.gevo.com
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