The supply agreement consists of two phases. In the firs phase, which will commence in May 2017, HCS will purchase isooctane produced at Gevo’s demonstration hydrocarbon plant located in Silsbee, Texas, US. In the second phase, HCS agreed to purchase a large volume of isooctane per year from Gevo’s first commercial hydrocarbon facility, which is expected to be built at Gevo’s existing isobutanol production facility located in Luverne, Minnesota.
Dr Uwe Nickel, Chief Executive Officer of HCS Group, SAID: “We are very pleased to partner with Gevo to further develop the next-generation biofuels and bio-based chemical products market.”
In recent years, HCS has started to develop and market a portfolio of sustainable technologies, called ‘ECO Base’ products.
Henrik Krüpper, Chief Commercial Officer of HCS Group, said: “Sustainability is a key element of our business strategy. With Gevo we have found the ideal partner to further expand our advanced ecologically sound portfolio for our customers.”
HCS is the first contractual long-term customer of Gevo’s sustainable technology, demonstrating its commitment to invest in viable and future-oriented concepts.
Dr Patrick Gruber, Gevo’s Chief Executive Officer, added: “We are thrilled to join forces with Haltermann Carless, which is world renowned in the industry for the high quality of its hydrocarbon products […] By combining technical know-how and new renewable technologies, we start a very promising partnership in developing and implementing next-generation biofuels and bio-based chemical products.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/22062017/hcs-partners-with-gevo-inc/