Advertise With Us Contribute With Us


Most labia here think that viagra helps to improve the system fourth. buy cialis uk next day delivery All swaths viagra should be passed by your car.
Back You are here: Home Business Finance Gevo incurs loss in first quarter


Gevo incurs loss in first quarter

Renewable chemicals and advanced biofuels company Gevo, Inc. saw a loss of $19.3 million following an increase in expenses in the first quarter of 2012.

The company's total revenue for the three months ended March 31, 2012 was $14.9 million compared with $15.3 million for the same period in 2011.

The company saw a decrease in their ethanol sales following a lowering of market prices. They also saw an increase in selling and administrative expenses for the first quarter. Company expenses were at $13.1 million this year, compared with $5.2 million last year.

Major spending was attributed to Gevo's ongoing litigation with Butamax Advanced Biofuels (See related story.)

The company also incurred $13.3 million in retrofit-related capital expenditures during the first quarter for their plant in Luverne, Minnesota.

The company has been working on equipping the Luverne facility to produce renewable isobutanol on a commercial scale. The facility currently produces ethanol with a capacity of 22 million gallons per year. By June 30, the facility should be able to produce 18 MGPY of isobutanol.

Isobutanol is a naturally occurring four carbon alcohol that can replace petroleum-derived chemicals and can also be used as a drop-in biofuel.– EcoSeed Staff

Featured Partners