Gevo (GEVO) said Thursday that it is extending its joint development agreement with LG Chem to include an assessment of existing assets for deploying Gevo's Ethanol-to-Olefins technology.
Gevo's technology can make eco-friendly fuels and chemicals that can replace traditional petroleum-based building blocks, according to the company.
Financial terms of the extension were not disclosed.
Shares of Gevo were down 4.4% in recent trading.
Price: 1.51, Change: -0.07, Percent Change: -4.43
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