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EPA decision on isobutanol buoys Gevo stock Monday

The Environmental Protection Agency made a decision on isobutanol, a fuel that's made from renewable resources like corn.
Credit: Alaska Airlines
Gevo CEO Pat Gruber, with an ear of field corn, which his company turns into renewable fuel.

Denver Business Journal — Shares in biofuel company Gevo Inc. were rising Monday after the Environmental Protection Agency made a decision on isobutanol, a fuel that's made from renewable resources like corn.

Douglas County-based Gevo on Monday applauded the EPA's decision to raise the amount of isobutanol used for on-road use in automobiles to a 16 percent blend level from its previous 12.5 percent blend level.

"At Gevo we have been developing the markets for isobutanol containing gasoline, in particular to meet the demand for the 'ethanol free' segment of the gasoline market. A 16 percent blend option will give our customers and partners an option for an even better product for on-road use," said Patrick Gruber, Gevo CEO, in a statement.

The EPA approved the higher level of isobutanol after a request from a Delaware company, Butamax Advanced Biofuels.

Read more at the Denver Business Journal: https://bit.ly/2lgHEvG