Biofuel Stock Alert: Gevo (NASDAQ:GEVO) Gains over 22% on News of Resuming Commercial Production of Isobutanol
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New York, NY - June 18, 2013 (Investorideas.com renewable energy newswire) Investorideas.com, an investor research portal specializing in sector research and investing ideas for independent investors, including biofuel and renewable energy stocks issues a trading alert for Gevo, Inc. (NasdaqGM :GEVO), trading at $2.12, spiking .39 or 22.54% as of 12:02PM EDT on over 7.5 Million shares . The stock had a high of $2.32 following news that it has resumed commercial production of isobutanol at its Luverne, Minn. plant in single train mode, successfully utilizing its proprietary Gevo Integrated Fermentation Technology(R) (GIFT(R)).
Gevo is a leading renewable chemicals and next-generation biofuels company. Gevo's patent-protected, capital-light business model converts existing ethanol plants into bio-refineries to make isobutanol. This versatile chemical can be directly integrated into existing chemical and fuel products to deliver environmental and economic benefits. Gevo has executed initial commercial-scale production runs at its isobutanol facility in Luverne, Minn., and has a marquee list of partners including The Coca-Cola Company, Sasol Chemical Industries, and LANXESS, Inc., an affiliate of LANXESS Corporation, among others. Gevo is committed to a sustainable bio-based economy that meets society's needs for plentiful food and clean air and water. For more information, visit www.gevo.com
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