How sustainable is Sustainable Aviation Fuel?
Gevo Inc.The aviation industry is considered one of the significant contributors to the annual carbon-dioxide level in our atmosphere. With the increasing pressure to go sustainable, the aviation industry has been encouraging alternative modes of energy resources, practices and curbing the pollution caused. Last month, Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Gevo, Inc. (NASDAQ: GEVO) Gevo Inc., (NASDAQ: GEVO), a pioneer in transforming renewable energy into low carbon, energy-dense liquid hydrocarbons, announced a letter of intent to jointly invest in building and operating one or more new facilities that would process inedible corn to produce sustainable aviation fuel,…