Gevo and Axens Partner to Broaden Their Alliance to Develop and Commercialize Bio-Based Renewable Hydrocarbon Fuels and Also Develop Gevo’s ETO Technology
Gevo (NASDAQ: GEVO) and Axens have announced a new strategic alliance to accelerate the development and commercialization of sustainable aviation fuel (SAF) using the ethanol-to-jet (ETJ) pathway. The partnership will leverage Axens' Jetanol™ technology and combine both companies' technical resources to commercialize Gevo's patented ethanol-to-olefins (ETO) technology.
The collaboration aims to reduce production costs and create SAF that can compete with fossil fuels while benefiting from the growing carbon market. Gevo will lead the deployment of its ETO technology in North America, focusing on rural economic development, while Axens will provide global process licensing, catalyst, equipment, and engineering services.
The alliance builds on previous successful commercial cooperation, with both companies partnering with IFPEN to develop and deploy Gevo's next-generation ETO process, which is expected to achieve zero carbon intensity or better for fuel applications.
Gevo (NASDAQ: GEVO) e Axens hanno annunciato una nuova alleanza strategica per accelerare lo sviluppo e la commercializzazione del carburante sostenibile per l'aviazione (SAF) utilizzando il percorso etanolo-a-jet (ETJ). La partnership sfrutterà la tecnologia Jetanol™ di Axens e unirà le risorse tecniche di entrambe le aziende per commercializzare la tecnologia brevettata di Gevo per l'etanolo-a-olefine (ETO).
La collaborazione mira a ridurre i costi di produzione e creare SAF in grado di competere con i combustibili fossili, beneficiando al contempo del crescente mercato del carbonio. Gevo guiderà l'implementazione della sua tecnologia ETO in Nord America, concentrandosi sullo sviluppo economico rurale, mentre Axens fornirà licenze globali per i processi, catalizzatori, attrezzature e servizi di ingegneria.
L'alleanza si basa su una precedente cooperazione commerciale di successo, con entrambe le aziende partner di IFPEN per sviluppare e implementare il processo ETO di nuova generazione di Gevo, che dovrebbe raggiungere un'intensità di carbonio pari a zero o migliore per le applicazioni di carburante.
Gevo (NASDAQ: GEVO) y Axens han anunciado una nueva alianza estratégica para acelerar el desarrollo y la comercialización de combustible de aviación sostenible (SAF) utilizando la vía de etanol a combustible de aviación (ETJ). La asociación aprovechará la tecnología Jetanol™ de Axens y combinará los recursos técnicos de ambas empresas para comercializar la tecnología patentada de Gevo de etanol a olefinas (ETO).
La colaboración tiene como objetivo reducir los costos de producción y crear SAF que pueda competir con los combustibles fósiles, beneficiándose al mismo tiempo del creciente mercado de carbono. Gevo liderará el despliegue de su tecnología ETO en América del Norte, enfocándose en el desarrollo económico rural, mientras que Axens proporcionará licencias de proceso globales, catalizadores, equipos y servicios de ingeniería.
La alianza se basa en una cooperación comercial exitosa previa, con ambas empresas asociándose con IFPEN para desarrollar e implementar el proceso ETO de próxima generación de Gevo, que se espera que logre una intensidad de carbono cero o mejor para aplicaciones de combustible.
Gevo (NASDAQ: GEVO)와 Axens는 에탄올-항공유(ETJ) 경로를 사용하여 지속 가능한 항공 연료(SAF)의 개발 및 상용화를 가속화하기 위한 새로운 전략적 동맹을 발표했습니다. 이 파트너십은 Axens의 Jetanol™ 기술을 활용하고 두 회사의 기술 자원을 결합하여 Gevo의 특허받은 에탄올-올레핀(ETO) 기술을 상용화할 것입니다.
협력의 목표는 생산 비용을 줄이고 화석 연료와 경쟁할 수 있는 SAF를 만드는 것이며, 동시에 증가하는 탄소 시장의 혜택을 누리는 것입니다. Gevo는 북미에서 ETO 기술을 배포하는 것을 주도하며, 농촌 경제 개발에 집중할 것이고, Axens는 글로벌 프로세스 라이선스, 촉매, 장비 및 엔지니어링 서비스를 제공할 것입니다.
이 동맹은 이전의 성공적인 상업적 협력을 바탕으로 하며, 두 회사는 IFPEN과 협력하여 Gevo의 차세대 ETO 프로세스를 개발하고 배포할 것입니다. 이 프로세스는 연료 응용 분야에서 탄소 집약도가 제로 또는 그보다 나은 성과를 달성할 것으로 기대됩니다.
Gevo (NASDAQ: GEVO) et Axens ont annoncé une nouvelle alliance stratégique pour accélérer le développement et la commercialisation de carburant d'aviation durable (SAF) en utilisant le processus éthanol-à-jet (ETJ). Le partenariat tirera parti de la technologie Jetanol™ d'Axens et combinera les ressources techniques des deux entreprises pour commercialiser la technologie brevetée de Gevo pour éthanol-à-oléfines (ETO).
La collaboration vise à réduire les coûts de production et à créer un SAF capable de rivaliser avec les combustibles fossiles tout en bénéficiant du marché du carbone en pleine croissance. Gevo dirigera le déploiement de sa technologie ETO en Amérique du Nord, en se concentrant sur le développement économique rural, tandis qu'Axens fournira des licences de processus mondiales, des catalyseurs, des équipements et des services d'ingénierie.
L'alliance s'appuie sur une coopération commerciale réussie antérieure, les deux entreprises s'associant à IFPEN pour développer et déployer le processus ETO de nouvelle génération de Gevo, qui devrait atteindre une intensité de carbone nulle ou meilleure pour les applications de carburant.
Gevo (NASDAQ: GEVO) und Axens haben eine neue strategische Allianz angekündigt, um die Entwicklung und Kommerzialisierung von nachhaltigem Flugkraftstoff (SAF) über den Ethanol-zu-Jet (ETJ) Prozess zu beschleunigen. Die Partnerschaft wird die Jetanol™-Technologie von Axens nutzen und die technischen Ressourcen beider Unternehmen kombinieren, um die patentierte Ethanol-zu-Olefinen (ETO)-Technologie von Gevo zu kommerzialisieren.
Das Ziel der Zusammenarbeit ist es, die Produktionskosten zu senken und SAF zu schaffen, das mit fossilen Brennstoffen konkurrieren kann, während es gleichzeitig von dem wachsenden Kohlenstoffmarkt profitiert. Gevo wird die Einführung seiner ETO-Technologie in Nordamerika leiten und sich auf die wirtschaftliche Entwicklung im ländlichen Raum konzentrieren, während Axens globale Prozesslizenzen, Katalysatoren, Ausrüstung und Ingenieurdienstleistungen bereitstellen wird.
Die Allianz baut auf einer vorherigen erfolgreichen kommerziellen Zusammenarbeit auf, bei der beide Unternehmen mit IFPEN zusammenarbeiten, um den nächsten ETO-Prozess von Gevo zu entwickeln und einzuführen, der voraussichtlich eine Null-Kohlenstoffintensität oder besser für Kraftstoffanwendungen erreichen wird.
- Strategic alliance with Axens to commercialize sustainable aviation fuel technology
- Access to Axens' established Jetanol™ technology for market deployment
- Potential for zero carbon intensity achievement in fuel applications
- Geographic expansion through Axens' global licensing and services
- ETO technology still requires final development and successful completion
- Market acceptance and adoption of ETJ pathway remains uncertain
Insights
This strategic alliance represents a significant advancement in Gevo's commercialization strategy, particularly in the rapidly expanding SAF market. The partnership combines Axens' proven Jetanol™ technology with Gevo's innovative ETO process, creating a potentially powerful synergy in the ETJ space.
The collaboration addresses three critical aspects of SAF development:
- Technology Integration: Merging Axens' commercial-ready Jetanol™ technology with Gevo's ETO process could create a more efficient and cost-effective production system
- Market Positioning: The partnership strengthens Gevo's competitive position in the SAF market by leveraging Axens' global licensing and engineering capabilities
- Economic Development: The focus on rural America aligns with federal initiatives supporting domestic biofuel production and energy security
The development of zero carbon intensity capabilities through the ETO process is particularly noteworthy, as it could provide Gevo with a significant competitive advantage in carbon markets. The emphasis on cost reduction and process improvement suggests a clear path toward making SAF economically competitive with conventional jet fuel, a important factor for widespread adoption.
The geographic distribution of responsibilities - with Gevo leading North American deployment and Axens handling global licensing - indicates a well-structured approach to market penetration. This arrangement could accelerate commercialization while maintaining quality control through Axens' established engineering and catalyst supply capabilities.
The partnership's focus on integrating with existing fuel infrastructure while promoting regenerative agriculture represents a pragmatic approach to scaling SAF production. This dual focus on technological advancement and sustainable practices positions Gevo favorably in an increasingly ESG-conscious market environment.
ENGLEWOOD, Colo., Feb. 12, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) and Axens (“Axens”) are pleased to announce they have formed a new strategic alliance to accelerate development and commercialization of sustainable aviation fuel (“SAF”) using the ethanol-to-jet (“ETJ”) pathway. The goal of the alliance is to leverage the most advantaged technologies, which we believe is Axens’ best-in-class and commercialized Jetanol™ technology. The alliance brings each partner’s complementary value propositions, real-world experience, substantially de-risked technologies, plant integrations, and pre-engineered systems to the ETJ space. The parties are also combining their technical resources to accelerate commercialization of Gevo’s patented, next-generation ethanol-to-olefins (“ETO”) technology for further process and cost improvements.
“Today, Axens and Gevo are delivering the most cost-effective, commercially proven SAF technology with Axens Jetanol™ and Gevo’s process and business system,” says Dr. Paul Bloom, Chief Business Officer for Gevo. “By expanding our partnership to accelerate the commercialization of Gevo’s ETO technology, we’re combining our industry expertise to further reduce costs and create SAF that is competitive with fossil fuels while capitalizing on the growing carbon market.”
Axens and Gevo are building on their previous successful commercial cooperation to ensure they remain leaders in the ETJ space by partnering with IFPEN on the final development and commercial deployment of Gevo’s next-generation ETO process for fuel applications that are expected to achieve zero carbon intensity or better. Gevo’s ETO process produces light olefins from ethanol, which can then be converted to transportation fuels utilizing commercially proven oligomerization and hydrogenation technologies.
Provided the technology development is completed successfully, Gevo is expected to lead deployment of its ETO technology in North America with an effort to bring high-quality jobs and economic development to rural America, and Axens would provide process licensing, catalyst, equipment, and engineering services globally.
“The immense potential for both our companies to lead the future of air-travel decarbonization is an obvious way forward,” says Quentin Debuisschert, CEO of Axens. “The combination of Gevo market know-how and capacity of project development with Axens best-in-class technology, Jetanol™, is expected to allow a fast acceptance and adoption of the ETJ Pathway. The future ETO technology commercialization will keep Axens and Gevo on the cutting edge of the ETJ pathway by offering end-users and project developers the possibility to select the most attractive technology for their situation.”
“We believe that continuing to reduce production costs and capital costs for drop-in hydrocarbon fuels and chemicals has the potential to create large numbers of jobs, spur rural economic development, and create clear, market-based incentives for regenerative agriculture,” says Dr. Pat Gruber, Chief Executive Officer of Gevo. “It adds up to a practical approach for increased energy production and better energy security. This is a real way forward: it drives costs lower, uses the same, established fuel infrastructure, has proven and auditable improvements in sustainability, including how land is used, and offers large benefits to our society, and, in particular, strengthens our rural communities. We see this can be done, and we are pursuing it. It’s the right thing to do.”
About Gevo
Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.
For more information, see www.gevo.com.
About Axens
Axens Group provides a complete range of solutions for the conversion of oil and biomass to cleaner fuels, the production and purification of major petrochemical intermediates, the chemical recycling of plastics, all-natural gas treatment and conversion options, water treatment, as well as carbon capture and storage solutions. The offer includes technologies, equipment, furnaces, modular units, catalysts, adsorbents, and related services.
For more information, see www.axens.net.
Forward 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 relate to a variety of matters, without limitation, including the alliance between Gevo and Axens, Gevo’s ETO technology; the expected benefits of the alliance, the reduced costs from the alliance and applicable technologies, and other statements that are not purely statements of historical fact. 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 Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo 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, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.
Media Contact
Heather L. Manuel
VP, Stakeholder Engagement & Partnerships
PR@gevo.com
IR Contact
Eric Frey
VP, Corporate Development
IR@Gevo.com
FAQ
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