Gevo Inc (NASDAQ:GEVO). said it and Axens North America Inc. have established a strategic alliance aimed at accelerating the commercialization of sustainable ethanol-to-jet (ETJ) projects in the US.
As part of the alliance, Gevo said Axens brings technologies with over 60 related patents, engineering packages, and certain proprietary equipment required to convert ethanol into jet fuel. Axens will also provide process guarantees for commercial ETJ projects.
Gevo said it expects to develop, own, and operate ETJ plants to produce sustainable aviation fuel (SAF), utilizing its expertise in renewable alcohol production and technologies as well as its Net-Zero business model, project financing expertise, customer relationships, and contracts.
READ: Gevo awarded US patent to convert ethanol and bio-based alcohols into drop-in diesel and jet fuel products
Axens has a long history of developing and commercializing best-in-class technology to convert olefins, such as ethylene, propylene, and butylene, into hydrocarbon fuels and blendstocks such as gasoline, jet fuel, and diesel fuel:
“Gevo’s approach makes it possible to decarbonize the ethanol supply chain and thus utilize technologies originally developed and well-proven for fossil-hydrocarbon production to produce renewable, drop-in fuels,” said Axens CEO Jean Sentenac in a statement.
“Finally, we are convinced that Gevo’s breakthrough approach to scientifically tracking and accounting for carbon, emissions, and sustainability across the whole of the business system is a true differentiator that will enable growth of SAF production via carbohydrate derived alcohols.”
Gevo CEO Patrick Gruber said the collaboration is expected to allow Gevo to rapidly partner with existing ethanol producers to deploy proven technologies at commercial scales consistent with the airline industry’s sustainability goals.
“We see that there is great potential to convert ethanol into SAF and other hydrocarbons,” Gruber said.
“Additionally, there is synergy with Gevo proprietary isobutanol production technology that is expected to result in unique product blending synergies for producing low-carbon gasoline, SAF, and renewable diesel. We know from our work on the Net-Zero business model that it is possible to drive the fossil-based GHG and related emissions footprint very low or even negative while producing drop-in hydrocarbon fuels like SAF and we think the model can apply to ETJ too.”
Gruber added: “Axens is a great partner. They have a lot of patents, expertise, and a track record of success with their technologies to convert olefins into hydrocarbons. In short, Axens de-risks the production technology. Gevo expects to build, own, and operate alcohol-to-jet plants alone or with partners."