HCS Group and Gevo sign agreement for the purchase and sale of renewable isooctane



Type of post: NEWS IN BRIEF.

Important step forward in Gevo’s strategy to build out its advanced biofuels production facility in Luverne (Minnesota, USA). The company announced two days ago that had entered into a long-term binding agreement with HCS Group for the purchase and sale of renewable isooctane (a low-carbon, drop-in blending component for gasoline).

This agreement strengthens a partnership that began with a prior agreement signed in 2017. Pursuant to the terms of the agreement, Gevo will supply isooctane to HCS Group over ten years if certain conditions are met, including the expansion of Gevo’s isooctane production capabilities in Luverne.

HCS Group is a global provider of solutions for high value specialty hydrocarbons and is active in a broad range of markets, such as automotive, pharmaceutical and agrochemicals. It operates a network of 9 facilities for refining, processing and blending in Germany, UK, France and USA. Gevo’s renewable isooctane will be supplied exclusively to HCS Group for applications such as high purity solvents and specialty fuels under its Haltermann Carless brand (excluding use of isooctane for on-road transportation fuels).

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