Gevo Reaches Joint Development Agreement to Explore Converting Plant Sugars into Fuel

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September 11, 2019

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by Andrew Kessel (Proactive Investors) The plan is to investigate the potential of sugars and glycerol derived from cellulose to be converted into hydrocarbon molecules for use in fuels or chemicals –Gevo Inc (NASDAQ:GEVO), a renewable fuels company, announced Tuesday that it has signed a joint development agreement with Leaf Resources, an Australian company specializing in converting plant biomass into industrial sugars.

The plan is to investigate the potential of sugars and glycerol derived from cellulose — plants — to be converted into hydrocarbon molecules for use in fuels or chemicals.

The agreement consists of three phases, the company said in a statement, the first of which includes exploring a potential facility and investigating the project’s commercialization. The companies will each bear their own costs during phase one, with funding for future phases to be laid out in a written agreement at a later date. READ MORE

Gevo, Leaf join forces to explore conversion of cellulosic sugars into fuel (Biofuels International)

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