Gevo Completes Funding

Gevo, a Englewood, CO-based renewable chemicals and advanced biofuels company, has completed a round of funding of undisclosed amount.

The investment was led by German specialty chemicals company LANXESS, with participation from existing investors.

In conjunction with the financing, Dr. Ron Commander, head of the LANXESS Group’s Butyl Rubber Business Unit, will join Gevo’s board of directors.

The LANXESS investment comes after the French oil and gas giant Total invested in the company.

Gevo uses the tools of biotechnology and its process engineering expertise to convert renewable raw materials into isobutanol and renewable hydrocarbons that can be directly integrated into existing fuel and chemical products to deliver environmental and economic benefits.



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