· Synthetic rubber - Lanxess
· Gasoline blendsotck -- Total ( TOT)
· Solvents -- Sasol ( SSL)
· Materials, Plastics, Fibers -- Toray
· Biojet fuel - U.S. Air Force, U.S. Department of Defense, United Air Lines (at O'Hare Airport) On Nov. 5, Gevo reported third-quarter earnings. The company saw revenue increase to $1.1 million, up from the previous year's $600,000. Revenue was helped by proceeds from deals with the U.S. Air Force and Coca-Cola. Research and development costs rose to $5.5 million. In the third quarter, Gevo signed a deal with the U.S. Navy and the U.S. Coast Guard, which called for a minimum of 20,000 gallons of jet fuel with an option for 90,000 gallons. Another feature from the third-quarter earnings is Gevo's licensing power. Gevo holds over 450 patents and is in the process of monetizing its technology. The company licensed its GIFT technology to IGPC, an Ontario-based, famer-owned co-op. In the question and answer portion of the third-quarter call, executives said they are talking to others about licensing this technology to additional companies. The opportunities for international licensing of this technology could greatly boost the share price as every new deal is announced. I would also think that some large international company might consider a joint venture or partnership, taking a partial ownership stake and the licensing abilities in exchange for the financing Gevo will likely need in 2014.