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Gevo Signs Malaysian Collaboration to Produce Cellulosic Isobutanol for SE Asia

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Jun. 19, 2012-- Gevo, Inc. (NASDAQ: GEVO), a leading renewable chemicals and next-generation biofuels company, signed a collaborative agreement today with the intent to site a cellulosic biomass isobutanol facility in Southeast Asia. Gevo’s President and Chief Operating Officer, Chris Ryan, signed the collaborative agreement with representatives from the Malaysian government’s East Coast Economic Region Development Council (ECERDC), Malaysian Biotechnology Corp (BiotechCorp) and the State Government of Terengganu.

After a year of ongoing development work in Malaysia, Gevo is strategically partnering along the supply chain to provide biobased isobutanol at a cost competitive price. The company is in the final stages of evaluating additional partners to complete the biomass to isobutanol value chain. The collaboration offers a diversified feedstock, organized approach and the opportunity to develop an economically advantaged business plan to meet this expanding market.

“The technology for a sustainable cellulosic feedstock is expected to be commercially viable this year, so now is the appropriate time to begin our cellulosic platform,” said Ryan. “We’re excited to follow the demand, especially since Southeast Asia is one of the fastest growing chemical markets, and Malaysia provides an excellent growth opportunity for Gevo. Our ambition is to move toward definitive agreements by the second half of 2012 with a target of having a cellulosic plant operational by late 2015 or early 2016.”

The current plan under consideration is to construct a fermentation facility to produce bio isobutanol made from cellulosic biomass. The proposed site is in the State of Terengganu at the world-class Biorefinery Complex in Kertih.

“The establishment of a Gevo facility in East Coast Economic Region Malaysia is further testament to investors’ confidence in the Region and we look forward to facilitating Gevo’s investment in Malaysia,” said Chief Executive Officer of the ECERDC, Jebasingam Issace John.

The Terengganu State Government was represented by its State Secretary, Mazlan Ngah and BiotechCorp was represented by its Chief Executive Officer, Dr. Mohd Nazlee Kamal. The document exchange ceremony was held in conjunction with the Bio International Convention and Exhibition that is currently taking place in Boston, Mass.

About Gevo

Gevo is converting existing ethanol plants into biorefineries to make renewable building block products for the chemical and fuel industries. The Company plans to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated on a “drop in” basis into existing chemical and fuel products to deliver environmental and economic benefits. Gevo is committed to a sustainable biobased economy that meets society’s needs for plentiful food and clean air and water. For more information, visit www.gevo.com.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements that are not purely statements of historical fact, and can sometimes be identified by our use of terms such as “intend,” “expect,” “plan,” “estimate,” “future,” “strive” and similar words. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and the company undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although the company believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2011, as amended, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the SEC by Gevo.

Source: Gevo, Inc.

Media:
Gevo, Inc.
Greta Thomsen, 303-715-8928
Director of Marcom & PR
gthomsen@gevo.com
or
Investors:
Stern IR for Gevo
Sarah McCabe, 267-909-9237
sarah@sternir.com