Gevo, Inc. (NASDAQ:GEVO) recently announced that it has successfully completed the production of the world’s first cellulosic renewable jet fuel. The company announced that it made use of its patented technology, to convert sugars derived from wood waste, to generate isobutanol, which is eventually converted to Gevo’s alcohol-to-jet fuel. It should be noted here that the fuel is already certified for use in commercial flights, provided it meets the ASTM D7566 specifications.

GEVO also noted that Alaska Airlines is expected to be the first carrier to make use of the fuel, in the following months. As such, the company has already produced the first 1,000 gallons of the fuel. Alaska Airlines had also flown two commercial flights, in June, using the same fuel, but using corn for the sugar feedstock. However, the current production had been backed by Northwest Advanced Renewables Alliance, which supplied the sugars from forest residuals, for the purpose.

Dr. Patrick Gruber, the CEO of GEVO, took the opportunity to thank and congratulate his team, the members from NARA, the National Institute of Food and Agriculture and the US Department of Agriculture, for their efforts and support. He also claimed that this should remove all doubts in the ability of Gevo’s technology in converting cellulose sugars to isobutanol.

Earlier last month, the company conducted its underwritten public offering of common stock and warrants, priced at $15.6 million. The offering included the sale of 24.8 million shares of series E units, with each unit comprising of one share of its common stock and half of a series I warrant. Added to this, Gevo also sold 3.7 shares of its series F units, which comprised of a pre-funded series J warrant and half a series I warrant. The company noted that the series I warrant carry an exercise price of $0.55 per share and would be valid till September 13, 2021. However, the series J warrants would expire on September 13, 2017.

Gevo, Inc. (NASDAQ:GEVO) lost 2.64% of its share value, on a trade volume of 7.83 million, to reach a close at $0.394, at the end of the October 14 trading session.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg,,, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.