Renewable chemicals and biofuels developer Gevo (GEVO -8%) is falling on news of BP and DuPont's...

|By:, SA News Editor

Renewable chemicals and biofuels developer Gevo (GEVO -8%) is falling on news of BP and DuPont's (DD) Butamax JV filing a lawsuit against the company. The suit accuses Gevo of violating a Butamax patent regarding the production of a biofuel called isobutanol. Gevo asserts Butamax's patent is "invalid and not infringed."