Gevo raises $17,000,000

Gevo Inc., a Pasadena, Calif.-based developer of advanced biofuels like butanol, has raised $17 million in Series C funding.  “What separates us from other biofuel technology companies is three critical pieces of technology we have developed to efficiently and cost-effectively produce advanced biofuels on a large scale:  Protein Engineering of Biocatalysts — Metabolic Engineering of Suitable Host Organisms (We are engineering suitable host organisms that utilize carbon and energy efficiently for fuel production. These strains exhibit the increased yield and productivity sufficient to produce commodity chemicals and fuels on a large scale.) — Process Engineering (We have developed a proprietary process technology to enhance productivity and lower product separation costs. Our process models predict that the economical production of butanol and other fuels is comparable in cost to current ethanol production.)