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News Breaks
November 28, 2012
14:57 EDTSZYM, GEVO, BIOF, KIOR, REGISenate votes to eliminate military restrictions on biofuel, Reuters says
The Senate voted 62-37 in favor of removing language in the National Defense Authorization Act that would have barred the military from buying biofuels that cost more than petroleum, according to Reuters. The Fly notes that Solazyme (SZYM), Gevo (GEVO) Renewable Energy (REGI), KiOR (KIOR) and Biofuel Energy (BIOF) are producers of renewable fuels. Reference Link
News For SZYM;GEVO;BIOF;KIOR;REGI From The Last 14 Days
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September 24, 2014
09:02 EDTGEVOGevo to appeal USPTO inter partes review decision
Gevo announced that the United States Patent and Trademark Office, or USPTO, issued an inter partes review decision rejecting the claims of Gevo's U.S. Patent Nos. 8,283,505 and 8,304,588, which cover methods of isobutanol separation and recovery in retrofit ethanol plants. Gevo plans to appeal the decision to the United States Court of Appeals for the Federal Circuit. The '505 and '588 Patents remain valid and fully enforceable during the appeal process, and Gevo continues to maintain full freedom to operate worldwide. This decision does not impact in any way Gevo's ability to commercialize isobutanol, nor does it impact in any way Gevo's operations at its plant in Luverne, MN. In addition, this decision only affects two of Gevo's nearly 500 patents and applications worldwide.
September 23, 2014
14:21 EDTBIOFBiofuel Energy makes announcement on rights offering
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September 18, 2014
16:24 EDTGEVOGevo begins to produce, ship isobutanol in railcar volumes
Gevo reported an update on the progress of the Side-by-Side operational mode, or SBS, of its plant in Luverne, MN. With the completion of the last phase of capital for SBS, Gevo has begun to produce and ship isobutanol in railcar volumes. In its Q2 quarter earnings release, Gevo reported that it would be installing distillation equipment at the plant, representing the final phase of capital for the SBS. This equipment facilitates the extraction of isobutanol from the plant, which should enable Gevo to boost production levels of isobutanol by debottlenecking the downstream side of the plant. This distillation equipment was commissioned in early September and is already showing improved results at the plant, such as a doubling of isobutanol batch sizes, a 50% reduction in isobutanol batch turnaround times, consistent yields of >90% based on starch content, and a continued decrease in isobutanol production costs towards targeted economic rates. "By installing the last phase of capital at Luverne, we remain confident that we will be able to achieve production levels of 50K-100K gallons of isobutanol per month by the end of 2014. As we continue to learn and optimize the isobutanol production process, we believe we can ultimately increase our production rate to approximately 2M-3M gallons of isobutanol per annum under the SBS, while we are producing ethanol in the other three fermenters," said CEO Patrick Gruber.

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