Gevo, Inc. (NASDAQ:GEVO) today announced that its renewable isooctane is being used in Total racing fuel that powers Infiniti Red Bull Racing team. This Formula 1® racing fuel has helped Infiniti Red Bull registered victories in Canada, Hungary and Belgium Grand Prix.
Gevo CEO, Patrick Gruber, said that the company is pleased to be working with Total to develop high-performance, renewable racing fuel, which also finds applications in global fuel markets.
A gasoline additive isooctane helps to improve energy density and knock resistance while reducing Reid Vapor Pressure in the racing fuels. Gevo produces bio-isooctane from renewable isobutanol and also produces para-xylene and renewable jet fuel.
The Premier Partnership
Gevo, Inc. (NASDAQ:GEVO) partnered with Total and worked closely with Total R&D and Total ACS (Additives & Special Fuels) teams to blend renewable isooctane into racing fuel. The companies successfully accomplished new Formula 1® fuel formulation and tested it with Renault Sport F1 and partner teams.
Managing Director of Total ACS, Bruno Pahlawan, expressed that the company is committed to innovation and is doing so by partnering with innovative companies. Gevo leverages chemistry and fermentation technologies to produce next-generation products. Together, we are looking forward to building on this success.
Gulf Racing Fuels
Earlier this month, Gevo, Inc. (NASDAQ:GEVO) announced to sale renewable isobutanol to Gulf Racing Fuels. The new biofuels will be used in Gulf’s new line of off-road and marine fuels. Gevo’s isobutanol was chosen for its moisture resistant and lower vapor pressure properties. In addition, it also reduces emissions.
Gulf Racing Fuels plans to create three new fuel formulations, mainly targeting ATV (All-Terrain Vehicles) and marine uses. These fuels will be designed to meet EPA emission requirements and deliver superior performance. The EIA Annual Energy Outlook estimated total fuel requirement in these markets at 1.7 billion gallons per year in the U.S.