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Chemical Week Magazine :: Business & Finance :: United States/Americas

Isobutanol Producer Files for IPO

9:24 AM MDT | September 3, 2010 | Rebecca Coons

Renewable fuel and chemicals firm Gevo (Englewood, CO) has filed with the SEC for an initial public offering (IPO) valued at $150 million, but says the number of shares to be offered and the price range of the offering has not been determined. Founded in 2005, the company retrofits ethanol facilities to produce isobutanol, which can be sold directly for use as a specialty chemical or fuel blendstock. Isobutanol can also be converted into butenes, a feedstock than can substitute fossil fuel-based chemicals in the production of plastics, fibers, and rubber. The...

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