The advantage of isobutanol is that it is not restricted to one market. Instead isobutnaol 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 our 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, specialty gasoline blendstocks, jet fuel, isooctane and para-xylene. We believe that the addressable markets in these markets are worth several billion dollars to Gevo.
Gevo has a marquee list of partners and customers including, Alaska Airlines, BCD Chemie, Brenntag, The Coca-Cola Company, Lufthansa, Mansfield, Toray Industries and Total.