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Stock impact report

U.S. Grants Gevo a Patent for Breakthrough Ethanol-to-Olefin Process

Gevo, Inc. (GEVO) 
Last gevo, inc. earnings: 11/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gevo.com
Company Research Source: GlobeNewswire
ENGLEWOOD, Colo., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is proud to announce the U.S. Patent and Trademark Office has granted to Gevo, a patent for its ethanol to olefins (“ETO”) process. This patent further cements Gevo’s position as a leader in intellectual property (“IP”) surrounding bio-based renewable fuel and chemical production from alcohols. Gevo has been awarded U.S. Patent No. 12,043,587 B2 covering the ETO process. This patent protects the process of using certain proprietary catalyst combinations for converting ethanol into olefins. This process is designed to give best-in-class cost and yields of olefins from ethanol, with improved energy efficiency, which is intended to help to reduce the cost of biofuels and biochemicals. Olefins with three or four carbon atoms are key building blocks to produce fuels or chemicals. Existing technology makes ethylene, a 2-carbon olefin, from ethanol, and then additional steps are needed to produce the larger an Show less Read more
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