Gevo, LG Chem extend joint development agreement

Gevo (GEVO) and LG Chem are extending their joint development agreement. The agreement extension enables LG Chem to assess existing assets for deploying Gevo’s Ethanol-to-Olefins, ETO, technology while accelerating commercialization activities, considering project scale and end-product markets. “Gevo’s partnership with LG Chem is a great example of how we intend to accelerate development and commercialization of our patented ETO technology to enable renewable chemicals with our world-class partner,” said Gevo’s Chief Carbon and Innovation Officer, Dr. Paul Bloom. “Our ethanol-to-olefin process holds immense promise to decarbonize a substantial portion of the market for propylene, and LG Chem is starting commercial activities ahead of the timeline we originally planned.”