$GEVO oversold IMO picked some up @ .60
Gevo has been producing and selling alcohol-to-jet fuel (ATJ) derived from isobutanol since 2011. Gevo is also working toward commercializing its patented alcohol-to-jet (ATJ) fuel, which is a clean burning, homegrown, drop-in jet fuel that has the potential to deliver aviation biofuels at scale and at competitive cost. Fossil-based jet fuel is one of the largest expenses for airlines. Gevo’s ATJ will help reduce the airline industry’s carbon footprint and help control fuel costs.
Before Gevo’s ATJ can be sold to airlines, it must pass a series of technical and safety tests. After six years of rigorous performance assessments conducted by ASTM International, including extensive engine testing and data analysis by all of the major original equipment manufacturers, Gevo expects to receive ASTM certification for its ATJ fuel in Q1 2016.
Once approved, this fuel can be seamlessly integrated into the existing distribution infrastructure and onto commercial aircraft where a domestic, competitively priced, sustainable supply of biofuels will meet the growing demand for fuel alternatives in one of the world’s largest industries for fuel consumption.
Gevo is also working closely with the Air Transport Association of America, the U.S. Department of Defense, the U.S. Air Force and other organizations in a strategic effort to develop the biojet industry. To date, Gevo’s ATJ has been produced at its demo biorefinery in Silsbee, Texas, using isobutanol produced at its Luverne, Minn. fermentation facility. Successful test flights using Gevo’s ATJ have been flown with the U.S. Air Force, U.S. Army, and U.S. Navy.
Gevo now expects to secure MIL-SPEC certification (JP-8 and JP-5), which will enable bids on future RFPs for renewable jet fuel by the Defense Logistics Agency. Gevo also intends to begin test flights with Alaska Airlines, which has agreed to purchase Gevo’s renewable jet fuel following ASTM certification. Alaska Airlines was the first U.S. airline to fly multiple commercial passenger flights operating on a biofuel from used cooking oil. The airline has set a goal of using sustainable aviation biofuel at one or more of its airports by 2020.
Gevo has been producing and selling alcohol-to-jet fuel (ATJ) derived from isobutanol since 2011. Gevo is also working toward commercializing its patented alcohol-to-jet (ATJ) fuel, which is a clean burning, homegrown, drop-in jet fuel that has the potential to deliver aviation biofuels at scale and at competitive cost. Fossil-based jet fuel is one of the largest expenses for airlines. Gevo’s ATJ will help reduce the airline industry’s carbon footprint and help control fuel costs.
Before Gevo’s ATJ can be sold to airlines, it must pass a series of technical and safety tests. After six years of rigorous performance assessments conducted by ASTM International, including extensive engine testing and data analysis by all of the major original equipment manufacturers, Gevo expects to receive ASTM certification for its ATJ fuel in Q1 2016.
Once approved, this fuel can be seamlessly integrated into the existing distribution infrastructure and onto commercial aircraft where a domestic, competitively priced, sustainable supply of biofuels will meet the growing demand for fuel alternatives in one of the world’s largest industries for fuel consumption.
Gevo is also working closely with the Air Transport Association of America, the U.S. Department of Defense, the U.S. Air Force and other organizations in a strategic effort to develop the biojet industry. To date, Gevo’s ATJ has been produced at its demo biorefinery in Silsbee, Texas, using isobutanol produced at its Luverne, Minn. fermentation facility. Successful test flights using Gevo’s ATJ have been flown with the U.S. Air Force, U.S. Army, and U.S. Navy.
Gevo now expects to secure MIL-SPEC certification (JP-8 and JP-5), which will enable bids on future RFPs for renewable jet fuel by the Defense Logistics Agency. Gevo also intends to begin test flights with Alaska Airlines, which has agreed to purchase Gevo’s renewable jet fuel following ASTM certification. Alaska Airlines was the first U.S. airline to fly multiple commercial passenger flights operating on a biofuel from used cooking oil. The airline has set a goal of using sustainable aviation biofuel at one or more of its airports by 2020.
