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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
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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.
September 11, 2014
08:24 EDTBIOFBiofuel Energy files rights offering for up to 12.3M shares
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