- Gevo's (GEVO +10.1%) strong gains are sparked by news that Ford (NYSE:F) and Coca-Cola (NYSE:KO) plan to turn bottles into car parts using Gevo's PlantBottle technology, which is made up of 30% plant-based materials.
- Ford's Fusion Energi plug-in hybrid vehicle will use PlantBottle interior fabric surfaces covering seat cushions, seat backs, head restraints, door panel inserts and headliners; the research vehicle marks the first time PlantBottle technology is applied beyond packaging.
- PlantBottle essentially uses ethanol derived from sugar cane to create a modified PET which replaces regular petroleum-based PET.