Gevo Announces Appointment of Katie Ellet to Board of Directors
04 1월 2024 - 6:05AM
Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that Katie Ellet
has been appointed to its board of directors as of January 2, 2024.
Ms. Ellet serves as president, Hydrogen Energy and Mobility for
North America at Air Liquide, a world leader in gases, technologies
and services for Industry and Health, and a global innovator in low
carbon hydrogen production. She has held a wide variety of
leadership roles in the chemical and energy fields for the last 27
years.
“We are honored to have Katie join our Board of
Directors,” said Dr. Patrick Gruber, CEO of Gevo. “She has a
demonstrated record of technology expertise, market knowledge, and
innovation that we expect will be invaluable to help guide Gevo
through the next stages of our commercialization and scaling of
bio-based renewable fuels.”
Over her career spanning nearly three decades, Ms.
Ellet has held a variety of roles that speak to the many challenges
inherent in a circular economy, which is central to Gevo's business
system. Her extensive expertise and practical understanding of
renewable energy applications, chemical products, hydrogen,
go-to-market strategies, growth strategies, IP portfolio growth,
and critical business intelligence will prove valuable. She holds a
Bachelor of Science in Chemical Engineering from Michigan
Technological University and a Master of Chemical Engineering from
the University of Houston.
“I think we're at a pivotal moment in the
development and implementation of renewable energy strategies on a
global scale,” Ellet said. "Gevo’s business model seamlessly
integrates benefits from agriculture, energy, technology, and
transportation sectors. It's a forward-thinking business that
maximizes emerging opportunities, and I'm excited to contribute to
its success."
About Gevo Gevo’s mission is to
transform renewable energy and carbon into energy-dense liquid
hydrocarbons. These liquid hydrocarbons can be used for drop-in
transportation fuels such as gasoline, jet fuel and diesel fuel,
that when burned have potential to yield net-zero greenhouse gas
emissions when measured across the full life cycle of the products.
Gevo uses low-carbon renewable resource-based carbohydrates as raw
materials and is in an advanced state of developing renewable
electricity and renewable natural gas for use in production
processes, resulting in low-carbon fuels with substantially reduced
carbon intensity (the level of greenhouse gas emissions compared to
standard petroleum fossil-based fuels across their life cycle).
Gevo’s products perform as well or better than traditional
fossil-based fuels in infrastructure and engines, but with
substantially reduced greenhouse gas emissions. In addition to
addressing the problems of fuels, Gevo’s technology also enables
certain plastics, such as polyester, to be made with more
sustainable ingredients. Gevo’s ability to penetrate the growing
low-carbon fuels market depends on the price of oil and the value
of abating carbon emissions that would otherwise increase
greenhouse gas emissions. Gevo believes that its proven, patented
technology enabling the use of a variety of low-carbon sustainable
feedstocks to produce price-competitive low-carbon products such as
gasoline components, jet fuel and diesel fuel yields the potential
to generate project and corporate returns that justify the
build-out of a multi-billion-dollar business.
Gevo believes that the Argonne National Laboratory
GREET model is the best available standard of scientific-based
measurement for life cycle inventory or LCI.
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 relate to a variety of matters, without limitation,
including the appointment of Mary Kathryn (Katie) Ellet, and other
statements that are not purely statements of historical fact. 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 Gevo undertakes no obligation to update
or revise these statements, whether as a result of new information,
future events or otherwise. Although Gevo 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, 2022,
and in subsequent reports on Forms 10-Q and 8-K and other filings
made with the U.S. Securities and Exchange Commission by Gevo.
Media Contact Heather L.
Manuel +1 303-883-1114 PR@gevo.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/61073477-ec3c-4ae9-8976-5b9d02e1ae12
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