Gevo, Leaf join forces to explore conversion of cellulosic sugars into fuel
Low carbon fuel producer Gevo has signed a joint development agreement (JDA) with Leaf Resources to explore the potential conversion of cellulosic derived sugars and glycerol into hydrocarbon molecules for fuels or chemicals.
The agreement will be structured around three phases of collaborative work; in the first, the companies will develop the feasibility of a potential facility. The subsequent two phases will investigate commercial development and commercialisation.
Gevo and Leaf will carry their own costs during the initial phase of the project, with further funding to be determined in the future after completion of phase one milestones.
“Leaf’s progress in Malaysia and Queensland, in addition to the comprehensive work it has undertaken with regard to its GlycellTM process, creates the potential for a mutually beneficial relationship with Gevo,” commented Patrick Gruber, CEO of Gevo.
“We have already been supplying renewable jet fuel to Virgin Australia and see the potential demand in Australia and more broadly in Asia. Having a partner like Leaf in the region will help drive our strategy forward with access to sugars as feedstock and chemical and fuel markets in a rapidly growing economic region.”
Alex Baker, CEO of Leaf Resources, added: “The synergies between what Gevo is delivering in the market, and what we’ve developed with Leaf’s technology, is clear to see. Subject to the necessary R&D under this project, we see real potential to work with Gevo in the delivery of renewable alternatives to petroleum-based products, where we only expect demand to significantly increase over time.”
The agreement will be structured around three phases of collaborative work; in the first, the companies will develop the feasibility of a potential facility. The subsequent two phases will investigate commercial development and commercialisation.
Gevo and Leaf will carry their own costs during the initial phase of the project, with further funding to be determined in the future after completion of phase one milestones.
“Leaf’s progress in Malaysia and Queensland, in addition to the comprehensive work it has undertaken with regard to its GlycellTM process, creates the potential for a mutually beneficial relationship with Gevo,” commented Patrick Gruber, CEO of Gevo.
“We have already been supplying renewable jet fuel to Virgin Australia and see the potential demand in Australia and more broadly in Asia. Having a partner like Leaf in the region will help drive our strategy forward with access to sugars as feedstock and chemical and fuel markets in a rapidly growing economic region.”
Alex Baker, CEO of Leaf Resources, added: “The synergies between what Gevo is delivering in the market, and what we’ve developed with Leaf’s technology, is clear to see. Subject to the necessary R&D under this project, we see real potential to work with Gevo in the delivery of renewable alternatives to petroleum-based products, where we only expect demand to significantly increase over time.”
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