Energy
Little Guy Beats Up Big Guys in Alternative Fuel Race, Shares Skyrocket (GEVO, DD, BP, TOT)
Published:
Biofuels maker Gevo Inc. (NASDAQ: GEVO) is seeing its share price skyrocket today following a court ruling that the company probably did not infringe on a competitor’s patents. Gevo is now free to sell its renewable fuel products to any company or person willing to buy it.
The decision came in a patent infringement case brought in 2011 by Butamax Advanced Biofuels LLC, a joint venture between E.I. du Pont de Nemours & Co. (NYSE: DD) and BP plc (NYSE: BP). French oil giant Total SA (NYSE: TOT) supported the Butamax side in the suit. Butamax has said it will appeal the ruling.
In mid-February Gevo filed a patent infringement suit against Butamax on the same day that Gevo received the patent on its fermentation process.
The fuel in question is isobutanol, which could be a substitute for corn ethanol. Gevo’s fermentation process can produce isobutanol at a cheaper price than other makers. Isobutanol also contains more energy than ethanol, about 80% of the energy contained in the same amount of gasoline. Ethanol contains less than 70% of gasoline’s energy.
While large scale production of isobutanol is some years (decades?) off, Gevo stock is up more than 35% today, at $8.03 in a 52-week range of $4.84-$18.75.
Paul Ausick
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
