Gevo, Inc. and LG Chem, Ltd. are extending their joint development agreement. The agreement extension enables LG Chem to assess existing assets for deploying Gevo's Ethanol-to-Olefins technology while accelerating commercialization activities, considering project scale and end-product markets. Gevo's patented ETO technology can target carbon-neutral or carbon-negative drop-in replacements for traditional petroleum-based building blocks.
These are core olefins, that can be used for renewable fuels and chemicals, including sustainable aviation fuel and bio-propylene. ETO technology is just one of multiple patented technologies that Gevo is bringing to bear on the challenges of developing cost-effective bio-based renewable fuels and chemicals. Because it can replace fossil-based products as a renewable raw material for various plastic products, bio-propylene is expected to play a pivotal role in the rapid growth of the bioplastic market and circular economy.
Once commercialization is achieved, bio-propylene could be used as a drop-in replacement for use in a range of products from auto parts to flooring to diapers to replace petroleum products with bio-based materials with a low or negative carbon footprint.
