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Gevo Opens Biorefinery For Fully Renewable Paraxylene

Stocks in this article: GEVO

ENGLEWOOD, Colo., Aug. 26, 2013 (GLOBE NEWSWIRE) -- Gevo, Inc. (Nasdaq:GEVO), the world's only commercial producer of bio-isobutanol, today held a ribbon cutting ceremony for its demonstration-scale paraxylene plant in Silsbee, Texas. The paraxylene facility is located adjacent to Gevo's existing jet fuel plant in Silsbee, and establishes the site as a biorefinery that will serve the renewable chemicals and true drop-in biofuels markets. Congressman Steve Stockman, Mike Schultheis, Principal Engineer Sustainable Packaging Global R&D of The Coca-Cola Company, James C. Greenwood, CEO of the Biotechnology Industry Organization (BIO), and Simon Upfill-Brown, President of South Hampton Resources were on hand to deliver remarks and participate in the grand opening.

Gevo is working with The Coca-Cola Company to deliver a new production technology for renewable paraxylene, a key building block for producing fully renewable PET for beverage bottles. Research and Development support for this plant was provided by The Coca-Cola Company under a Joint Development Agreement.

Gevo is working with Toray Industries, Inc. to develop renewable paraxylene, a building block for fully renewable polyester for packaging films and fibers used in textiles, clothing and other applications. Funding assistance for the construction of the paraxylene plant was provided by Toray Industries, Inc., one of the world's leading producers of fibers, plastics, films, and chemicals. Gevo and Toray have successfully produced fully renewable and recyclable polyethylene terephthalate (PET) fibers and films from isobutanol at laboratory scale in 2011. Toray has also signed an offtake agreement for paraxylene produced at the Silsbee facility. Toray will purchase paraxylene from Gevo and will convert it into PET fibers, textiles and films for scale-up evaluation and market development purposes.  

"We believe we have an elegant, viable route to fully-renewable, non-petroleum derived PET and we are pleased that The Coca-Cola Company and Toray have supported this work," said Patrick Gruber, Gevo's chief executive officer. "Fully renewable PET has the potential to make the world a better place by reducing our dependence on oil and the environmental consequences associated with petroleum based raw materials." 

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