Judge Issues Temporary Order: Gevo to Continue Startup of Its Luverne Plant as Planned
Gevo, Inc. (NASDAQ: GEVO) issued today a public statement in reaction to a temporary order issued by the U.S. District Court of Delaware requesting that the company “maintain status quo” until the Court renders its decision on the pending request for a preliminary injunction.
“In light of our recent startup and Gevo's ability to bring commercial scale isobutanol to market, we respect the judge's decision to issue an order instructing Gevo to maintain the status quo. As the judge has not made a decision for or against the preliminary injunction to date, it's understandable that she wants to make sure Gevo sticks to its current business plan. For Gevo, that means we continue to optimize Luverne operating parameters, continue engineering work and preparation for construction of Redfield and most importantly we sell our renewable isobutanol to Sasol and the U.S. Air Force.” -- Brett Lund, EVP & General Counsel for Gevo.
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