Gevo and Axens Partner to Broaden Their Alliance to Develop and Commercialize Bio-Based Renewable Hydrocarbon Fuels and Also Develop Gevo's ETO Technology

Core Viewpoint - Gevo, Inc. and Axens have formed a strategic alliance to accelerate the development and commercialization of sustainable aviation fuel (SAF) using the ethanol-to-jet (ETJ) pathway, leveraging Axens' Jetanol™ technology and Gevo's next-generation ethanol-to-olefins (ETO) technology [1][2][4] Company Overview - Gevo is a diversified energy company focused on producing cost-effective, drop-in fuels that enhance energy security and support rural economic growth, with operations including renewable natural gas and ethanol production [5] - Axens provides a comprehensive range of solutions for converting oil and biomass into cleaner fuels, including technologies for carbon capture and storage [7] Strategic Alliance Details - The alliance aims to combine the technical resources of both companies to reduce costs and create SAF that competes with fossil fuels, while also capitalizing on the growing carbon market [2][4] - Gevo is expected to lead the deployment of its ETO technology in North America, creating high-quality jobs and economic development in rural areas, while Axens will provide global process licensing and engineering services [3] Technology and Market Impact - The partnership is expected to enhance the commercialization of Gevo's ETO process, which produces light olefins from ethanol for conversion into transportation fuels, achieving zero carbon intensity or better [2][4] - The collaboration is positioned to drive down production costs for hydrocarbon fuels and chemicals, potentially creating numerous jobs and promoting regenerative agriculture [4]