News International Sugar Journal

Gevo raises $107 Million on the back of its isobutanol platform [Registered]

Gevo Inc., which received notification from the US EPA (Environment Protection Agency) late last year that its isobutanol has successfully cleared registration for approval as a certified gasoline blendstock, recently raised $107 million in a initial public offering from billionaires Vinod Khosla and Richard Branson. The company sold 7.15 million shares at $15 each after offering them at $13 to $15 apiece, according to a filing with the Securities and Exchange Commission and data compiled by Bloomberg. Proceeds will be used to buy and equip ethanol production facilities, the filing said. Isobutanol is a superior additive for gasoline than ethanol…

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