Gevo reports Q3 loss, touts wood-chip powered commercial airline flight

DENVER BUSINESS JOURNAL - Renewable jet-fuel maker Gevo Inc. reported a third-quarter loss and also touted the fact an Alaska Airlines flight on Monday flew from Seattle to Washington, D.C. using its renewable alcohol to jet fuel.

The Alaska Airlines flight was the first commercial flight using Gevo’s “cellulosic renewable jet fuel” from wood chips. The company's recent renewable jet fuel efforts were profiled by Cathy Proctor of the Denver Business Journal last month.

The wood-chip powered flight comes on the heels of Alaska Airlines using another Gevo alternative fuel — made from corn — back in June. Gevo uses field corn to ferment into isobutanol, which is then chemically converted into a renewable jet fuel.

In the latest quarter, Douglas County-based Gevo reported an adjusted loss of 9 cents per share and revenues of $6.9 million. The two analysts polled by Thomson Reuters First Call who cover the company expected a loss of 6 cents per share and revenues of $9.43 million.

Read more at the Denver Business Journal: http://bit.ly/2fRqz86

Copyright 2016 Denver Business Journal


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