PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: Gevo, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Gevo Adds Strategic Investor Lanxess - Appoints Dr. Ron Commander to Board of Directors - Gevo, Inc., a privately held renewable chemicals and advanced biofuels company, announced that it has closed a round of funding led by German specialty chemicals company LANXESS. Existing investors also participated in the round
Gevo Adds Strategic Investor Lanxess - Appoints Dr. Ron Commander to Board of Directors

 

NewswireToday - /newswire/ - Denver, CO, United States, 2010/05/26 - Gevo, Inc., a privately held renewable chemicals and advanced biofuels company, announced that it has closed a round of funding led by German specialty chemicals company LANXESS. Existing investors also participated in the round.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

In connection with this financing, the Company also announced that Dr. Ron Commander, head of the LANXESS Group’s Butyl Rubber Business Unit, will join the Gevo Board of Directors. The LANXESS investment comes after the French oil and gas giant Total invested in Gevo.

“We are extremely pleased to have LANXESS make a strategic investment in Gevo and appreciate their confidence in our isobutanol platform,” said Dr. Patrick Gruber, CEO of Gevo. “We expect this renewable hydrocarbon feedstock will have many applications in a variety of chemical markets.”

Isobutanol is a four carbon alcohol widely used in the petrochemical and refining industries. It can be dehydrated with known processes into isobutylene, a hydrocarbon with broad applications in the chemicals and fuels markets. Production by fermentation of plant based (renewable) carbohydrates is widely seen as a lower carbon footprint route than traditional petroleum based production. Gevo and ICM, the Company’s strategic engineering partner, completed the retrofit of ICM’s one million gallon per year ethanol demonstration plant in St. Joseph, MO to make isobutanol in September, 2009.

“With the success of its demonstration plant, we believe Gevo has the technology available to become a valued supply chain partner for LANXESS,” said Dr. Commander.

“This investment opens up possibilities to broaden our future supply options for a key raw material to our leading synthetic rubber businesses,” said Dr. Axel C. Heitmann, Chairman of the LANXESS Board of Management.

Dr. Ron Commander has served as Head of the LANXESS Group’s Butyl Rubber Business Unit since June 1, 2004. Commander was born in Brisbane, Australia, on April 24, 1950. The Ph.D. chemical engineer was educated in the UK. He embarked on his professional career in 1982 with Polysar Inc. of Sarnia, Canada, joining Bayer AG with its acquisition of Polysar in 1990. Before becoming Head of the LANXESS Butyl Rubber Business Unit in 2004, Dr. Commander worked in research and development, production and technical service at Bayer’s former Rubber Business Group and in business development at Bayer Polymers Shanghai.

About Gevo, Inc.
Gevo (gevo.com) is developing capital efficient biorefinery systems to provide renewable, cost-effective building block products to the fuel and chemical industries. Gevo seeks to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated into existing fuel and chemical 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.

About LANXESS
LANXESS (lanxess.com) is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 and currently around 14,300 employees in 23 countries. The company is represented at 42 production sites worldwide. The core business of LANXESS is the development, manufacturing and marketing of plastics, rubber, intermediates and specialty chemicals.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Gevo, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


Gevo Adds Strategic Investor Lanxess - Appoints Dr. Ron Commander to Board of Directors

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Brett Lund - Gevo.com 
303-858-8358 info[.]gevo.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Gevo, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Gevo, Inc. / Company Profile


Read Energy Most Recent Related Newswires:

GE Hitachi Nuclear Energy and Bechtel Form Decommissioning Alliance
GE Equips New 1,320 MW CPHGC Power Plant to Help Pakistan Meet Growing Energy Needs
SolarWinds Empowers IT Professionals with the Ultimate Hybrid IT Performance Management Platform
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
ENGIE Acquires EV-Box - The Largest European Electric Vehicle Charging Player
GE Renewable Energy to Showcase Expertise in Hydropower At Africa 2017 In Marrakesh, Morocco
GE Awarded Contract for First HA Gas Turbine in China
GE Power Signs Multiyear Agreement and First Cybersecurity Solution in Latin America
GE Hitachi Nuclear Energy and ARC Nuclear Announce Cooperation to Accelerate Commercialization of Advanced Small Modular Reactor
Shermco Industries Receives Gold Safety Recognition from the American Wind Energy Association
GE’s Fuel-Flexible Power Plant Brings Vital Energy Boost to Ghana
ENGIE Wins Nearly 78 MW of Photovoltaic Projects in France
Enel Launches Innovation Hub with UC Berkeley Accelerator in its First Partnership with A Major Multinational Corporation
ENGIE Welcomes the GE Water & Process Technologies Takeover by SUEZ
GE, Borusan EnBW Enerji, Fina Enerji and Özgül Holding Sign MoU for YEKA in Turkey

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)