SHARE

News Alert: Citius Pharmaceuticals Receives FDA Approval For LYMPHIR™ (Denileukin Diftitox-Cxdl) Immunotherapy For The Treatment Of Adults With Relapsed Or Refractory Cutaneous T-Cell Lymphoma. Click to Read More.

Gevo, Inc. (NASDAQ:GEVO) has completed production of its cellulosic renewable jet fuel that is indicated for commercial flights. The company adapted its patented technologies to change wood waste derived cellulosic sugars into renewable isobutanol. This product was further converted into company’s Alcohol-to-Jet fuel.

This ATJ fulfills the ASTM D7566 specification enabling it to be utilized for commercial flights. The reconsiderations to the ASTM D7566 requirement, which happened earlier this year, includes Alcohol-to-Jet fuel derived from renewable isobutanol, irrespective of the carbohydrate feedstock.

The highlights

Gevo produced more than 1,000 gallons of its cellulosic ATJ. As per the recent update, Alaska Airlines is anticipated to fly the commercial flight utilizing this cellulosic jet fuel in the coming months. The company believes that this flight would be the first commercial flight flown using a cellulosic jet fuel. This comes on the back of the 2 commercial flights flown by Alaska Airlines on company’s ATJ in June 2016. The ATJ for these flights was obtained from isobutanol produced at company’s Luverne, MN, facility utilizing sustainable corn for the sugar feedstock.

Gevo stated that the cellulosic ATJ was manufactured in conjunction with the NARA. The entity supplied the sugars derived from forest leftovers in the Pacific Northwest. Gevo manufactured the cellulosic isobutanol at its St. Joseph demonstration facility, that it jointly runs with ICM Inc.

Dr. Patrick Gruber, the CEO of Gevo, said that the company’s production of cellulosic ATJ eliminates all uncertainty that cellulosic sugars can be converted into isobutanol using company’s technology. ATJ technology further converts isobutanol into jet fuel, irrespective of the sugar source. The company is looking forward to using this fuel power in an Alaska Airlines flight in the coming period. Dr. Gruber said that he wants to congratulate Gevo team, all the NARA members, and the groups that funded the work.

Sir Richard Branson said that he has long supported the advancement of commercial jet fuel manufactured from renewable sources. This development was planned at the time when the Virgin Green Fund invested in company with the intent of advancing fuel from cellulosic materials like wood waste.

SHARE
Previous articleMemorial Production Partners LP (NASDAQ:MEMP) 3Q2016 EBITDA At $76.9 Million
Next articleEndeavour Silver Corp (NYSE:EXK) Closes Acquisition of Parral Assets From Silver Standard
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.