The advantage of isobutanol is that it is not restricted to one market. Instead, isobutanol has market potential in a very wide range of applications and markets across fuels, chemicals, and materials. Gevo’s renewable isobutanol opens up many opportunities that previously have not been available for bio-based products. The combination of low cost production, improved sustainability, renewable carbon and superior performance make the difference.
Gevo’s takes a “round-peg-in-a-round-hole” approach to its markets, i.e. targeting markets with direct replacement products rather than introducing new, substitute products, which have high adoption risk. This approach should significantly improve the market acceptance of Gevo’s renewable products as we seek to displace petroleum-based incumbents.
Gevo targets markets that place the highest value on our isobutanol and its properties. While there are many more applications for our isobutanol, we are initially focused on the following key markets: solvents, gasoline blendstocks, jet fuel and isooctane. We believe that these markets are worth several billions of dollars to Gevo.
Gevo has a marquee list of partners and customers including, Alaska Airlines, BCD Chemie, Brenntag, The Coca-Cola Company, Lufthansa, Mansfield, Musket Corporation, Toray Industries and Total.