Gevo, Inc. (NASDAQ: GEVO), a leading renewable chemicals and next-generation biofuels company, today responded to a limited court order relating to the Butamax TM Advanced Biofuels, LLC (Butamax) appeal of the U.S. District Court of Delaware’s decision to dismiss its Preliminary Injunction Motion.
“We anticipated Butamax’s appeal and were satisfied to see that in denying the preliminary injunction request of Butamax the judge’s opinion ‘that plaintiff (Butamax) does not hold a valid patent, nor would the defendant (Gevo) infringe if it did’ remains intact,” said Brett Lund, Executive Vice President and General Counsel. “The judge did issue a temporary order while Butamax appeals to the Federal Court. Under the temporary order, Gevo remains free to operate in markets such as chemicals, jet fuel, marine fuel, small engine fuel and all other markets, except Gevo may not supply the automotive fuel blendstock market with biobased isobutanol from our Luverne facility during the appeals process. We disagree with that decision and have filed an appeal of the order. Testing for automobile fuels will continue, but with non-biobased isobutanol.”
Gevo is converting existing ethanol plants into biorefineries to make renewable building block products for the chemical and fuel industries. The Company plans to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a “drop in” basis into existing chemical and fuel products to deliver environmental and economic benefits. Gevo is committed to a sustainable biobased economy that meets society’s needs for plentiful food and clean air and water. For more information, visit www.gevo.comForward-Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements that are not purely statements of historical fact, and can sometimes be identified by our use of terms such as “intend,” “expect,” “plan,” “estimate,” “future,” “strive” and similar words. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although the company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2011, as amended, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Gevo.
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