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Gevo boosts isobutanol output at Minnesota plant

07.29.2014  | 

The US-based company began side-by-side production of the two compounds in June, making isobutanol in one of four fermenters at its plant in Luverne, Minnesota.

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By JUSTIN DOOM
Bloomberg

Gevo, the US biofuel producer backed by French oil company Total, gained the most in three months after saying it was simultaneously producing isobutanol and ethanol at its Minnesota plant.

Gevo rose 33% to 82 cents at 9:56 a.m. on Tuesday in New York, the most intra-day since April 22.

The Englewood, Colorado-based company began side-by-side production of the two compounds in June, making isobutanol in one of four fermenters at its plant in Luverne, Minnesota, Gevo said Monday in a statement after regular trading closed.

Gevo uses corn and plant waste to make isobutanol, which may be blended with gasoline or converted into hydrocarbon fuels and chemicals. 

The company previously had sought to manufacture that compound exclusively.



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