Gevo inks joint development agreement with Australia’s Leaf Resources
Category: #energy-and-environment  By Saipriya Iyer  Date: 2019-09-12
  • share
  • Twitter
  • Facebook
  • LinkedIn
Gevo inks joint development agreement with Australia’s Leaf Resources
  • Gevo and Leaf Resources has signed a joint development agreement to explore the possibility to convert cellulose derived sugar and glycerol as an alternative fuel.
     
  • The joint development agreement is structured around three phases of work.

One of the leading renewable fuel company, Gevo Inc., has reportedly signed a Joint Development Agreement with Leaf Resources, an Australian company which has expertise in converting plant biomass into industrial sugars. According to the agreement, the company plans to convert glycerol and sugars derived from plant cellulose to hydrocarbon molecules to explore its potential to convert into alternative fuels or chemicals.

Sources cite that the agreement will be carried out in three phases. The first phase will include investigating the project’s commercialization and exploring the feasibility of a potential facility. Moreover, both the companies will bear their own cost during this phase, whereas funding for remaining phases will be laid out in a written agreement in the future.

Patrick Gruber, CEO of Gevo, states that Leaf’s progress in Queensland and Malaysia and its comprehensive work related Glycell process creates the potential for a mutually beneficial relationship. He claims that Leaf, as a partner in the region, could help the company drive its strategy, further giving access to sugars as feedstock, fuel and chemical market in a rapidly growing economic region.

Gruber added that their firm is already supplying Virgin Australia with non-exhaustible jet fuel and has witnessed an added potential demand in Australia and Asia.

As per Leaf Resources CEO, Alex Backer, the company wants to explore the potential of renewable resources as alternative petroleum-based fuel with Gevo. He claims that, as the demand for alternative fuels will significantly increase in the coming years, this agreement will become beneficial for both the companies.

For the record, Gevo is a low carbon fuel company working towards commercialization and development of fuel-based renewable products. The company is focused on the production and development of mainstream fuels like jet fuel and gasoline using renewable feedstocks.

Source Credit - https://www.proactiveinvestors.com/companies/news/902425/gevo-reaches-joint-development-agreement-to-explore-converting-plant-sugars-into-fuel-902425.htm

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Chubb launches new Chubb Studio platform for its partners and clients
Chubb launches new Chubb Studio platform for its partners and clients
By Saipriya Iyer

Chubb, a renowned leading insurance provider, has reportedly announced the launch of Chubb Studio, a new platform that would streamline and simplify the circulation of its insurance products from its partners’ digital channels spread across the...

Omega Geracao acquires 50% wind portfolio of EDF Renewables in Brazil
Omega Geracao acquires 50% wind portfolio of EDF Renewables in Brazil
By Saipriya Iyer

Omega Geracao, a renowned Brazil-based power company, has reportedly announced that it has signed a definitive agreement to procure a 50% stake in French renewables company EDF Renewables’ wind farms located in Bahia, Brazil. The wind turbines...

Zoom soon to arrive on Facebook, Amazon, and Google smart displays
Zoom soon to arrive on Facebook, Amazon, and Google smart displays
By Saipriya Iyer

Zoom, a California-based video communications technology company, has reportedly announced that the app would soon be available on Amazon, Google smart display, and Facebook. The company further stated that it would make their initial entrance onto F...