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Gevo plans further RTO upgrades at Luverne plant while offline

Jan. 09, 2017 9:52 AM ETGevo, Inc. (GEVO) StockBy: Carl Surran, SA News Editor2 Comments
  • Gevo (NASDAQ:GEVO -1.2%) says it has decided to make further upgrades to the regenerative thermal oxidizer at the Luverne, Minn., isobutanol production plant while the facility is down.
  • The plant was halted on Dec. 21 to perform unplanned necessary repairs and maintenance on the plant's RTO, a piece of pollution control equipment.
  • Gevo says the Luverne plant produced 190K gallons of isobutanol, the highest-ever quarterly production level, and surpassed production cost targets, demonstrating variable costs of production of less than the targeted $3.00-$3.50/gal.

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