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18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
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“The Fly” Wins Again — CHART BREAKOUT!!!

I told you not to bet against me. This is what happens when you bet against a Space Alien Magician (SAM). You get laser beamed to the face.

Good morning and good day.

GEVO was a featured pick inside The Capstone Programme last week. Lo and behold, shares are rushing higher this morning on very heavy volume.

Here’s the news.

ENGLEWOOD, Colo, Feb. 27, 2019 (GLOBE NEWSWIRE) — Gevo, Inc. (GEVO) announced today that HCS Group and Gevo have entered into a long-term, definitive, binding and bankable renewable isooctane purchase and sale agreement, dated February 21, 2019. HCS Group will be supplied exclusively for sales of Gevo’s renewable isooctane into high-end applications ranging from high purity solvents to specialty fuels under its Haltermann Carless brand, excluding use of isooctane for on-road transportation fuels. Gevo’s renewable isooctane is a low-carbon, drop-in blending component for gasoline and has the potential to reduce greenhouse gases by as much as 70 percent, well within the standards established by the EU Renewable Energy Directive.

This long-term, binding purchase and sale agreement with HCS Group is an important step forward in Gevo’s previously-announced strategy to build out Gevo’s advanced biofuels production facility in Luverne, Minnesota, USA, to increase the production of renewable isobutanol and renewable jet fuel as well as isooctane.

Pursuant to the terms of the agreement, Gevo will supply low-carbon, renewable isooctane to HCS Group over ten years if certain conditions are met, including the expansion of Gevo’s isooctane production capabilities at its advanced biofuels production facility in Luverne.

According to Patrick R. Gruber, Gevo’s Chief Executive Officer, this agreement represents a significant milestone in Gevo’s crusade to help leading consumer brands reduce greenhouse gas emissions through decarbonizing transportation fuel. “This is a game-changing, bankable agreement for Gevo and another step forward to delivering on our promise to address the need for low-carbon fuels while also meeting sustainability requirements for our customers, to reduce their carbon foot print,” Dr. Gruber said. “This agreement strengthens our partnership with HCS Group that began with a prior agreement signed in 2017. Our technology and our renewable isooctane have proven themselves in highly demanding niche applications. We now want to scale substantially in order to enable rolling-out our renewable isooctane to a variety of high-end fuel and solvent applications.”

INDEUD

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One comment

  1. mrcharlie

    Nice! I love me some breakouts!

    Sadly im jealous I havent had one since ROKU and SKX! Forget you Fly and your space cannon!!!

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    • 0 Deem this to be "Fake News"