Gevo And LG Chem Double Down On Ethanol-To-Olefins Tech: Details

Gevo, Inc. GEVO shares are trading lower on Thursday. The company and LG Chem, Ltd. extended their joint development deal to evaluate deploying Gevo’s Ethanol-to-Olefins (ETO) technology.

The extension focuses on assessing existing assets, accelerating commercialization, and aligning project scale with market needs.

Gevo’s patented Ethanol-to-Olefins (ETO) technology enables the production of carbon-neutral or carbon-negative alternatives to petroleum-based building blocks.

ETO is part of Gevo’s portfolio of technologies designed to deliver cost-effective, bio-based renewable solutions.

These core olefins are essential for renewable fuels and chemicals, such as sustainable aviation fuel and bio-propylene.

Paul Bloom, Chief Carbon and Innovation Officer said, “Our ethanol-to-olefin process holds immense promise to decarbonize a substantial portion of the market for propylene, and LG Chem is starting commercial activities ahead of the timeline we originally planned.”

Dong-hyun Cho, Vice President, Head of LG Chem’s Petrochemicals R&D stated, “Our joint development agreement with Gevo is already helping LG Chem to shape sustainable and eco-friendly future business strategies.”

Yesterday, Gevo disclosed a key milestone in its acquisition of Red Trail Energy, LLC’s ethanol production plant and carbon capture and sequestration (CCS) assets.

Red Trail Energy’s equity holders voted overwhelmingly to approve the transaction, which aligns with Gevo’s mission to produce net-zero liquid fuels and chemicals while reducing carbon emissions.

Price Action: GEVO shares are down 2.191% at $1.545 at the last check Thursday.

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