On Monday, Shares of Gevo, Inc. (NASDAQ:GEVO), added 1.78% and closed at $0.401 in the last trading session. GEVO stock opened its last trade at $0.40 and after floating in a range of $0.38 to $0.41. The company’s Market capitalization is $50.01 million with the total Outstanding Shares of 128.07 million. During the 52-week trading session the minimum price at which share price traded, registered at $0.22 and reached to max level of $2.24. Gevo, Inc. (GEVO), declared recently that it has accomplished production of the world’s first cellulosic renewable jet fuel that is specified for commercial flights. Gevo successfully adapted its patented technologies to convert cellulosic sugars derived from wood waste into renewable isobutanol, which was then further converted into Gevo’s Alcohol-to-Jet fuel (ATJ) fuel. This ATJ meets the ASTM D7566 specification allowing it to be used for commercial flights. The revisions to the ASTM D7566 specification, which occurred earlier this year, includes ATJ derived from renewable isobutanol, regardless of the carbohydrate feedstock (i.e. cellulosics, corn, sugar cane, molasses, etc.).
Gevo produced over 1,000 gallons of the cellulosic ATJ. Alaska Airlines is expected to fly the first commercial flight using this cellulosic jet fuel in the next few months. Gevo believes that this would be the first ever commercial flight flown with a cellulosic renewable jet fuel. This follows on the back of the two commercial flights that were flown by Alaska Airlines on Gevo’s ATJ in June of this year. The ATJ for the June flights was derived from isobutanol produced at Gevo’s Luverne, MN, production facility using sustainable corn as the sugar feedstock.
The cellulosic ATJ was produced in conjunction with the Northwest Advanced Renewables Alliance (NARA). NARA supplied the sugars that were derived from forest residuals in the Pacific Northwest. Gevo produced the cellulosic renewable isobutanol at its demonstration facility in St. Joseph, MO, that it jointly operates with ICM Inc. The cellulosic renewable isobutanol was then transported to Gevo’s biorefinery facility in Silsbee, TX, that Gevo operates with South Hampton Resources where the cellulosic renewable isobutanol was converted into ATJ.
Aetna Inc (NYSE:AET), dropped -1.05% and closed at $108.49 in the last trading session. AET stock opened its last trade at $109.72 and after floating in a range of $92.42 to $123.57. The company’s Market capitalization is $38.01 Billion with the total Outstanding Shares of 350.80 million. During the 52-week trading session the minimum price at which share price traded, registered at $92.42 and reached to max level of $123.57. Aetna (NYSE: AET) today announced that third-quarter 2016 results will be made public on Thursday, October 27, at 6 a.m. ET. The company will also host a conference call, which will begin at 8:30 a.m. ET on that day.
The conference call can also be accessed by dialing 1-877-709-8150 or +1-201-689-8354 for international callers. No access code is required. It is recommended that participants dial in about 10 minutes before the call; all individuals will be asked to identify themselves and provide their affiliations.
A replay of the call may be accessed via Aetna’s Shareholder Information website or by dialing 1-877-660-6853, or +1-201-612-7415 for international callers. The replay conference ID is 13646253. Telephone replays will be available until 11 p.m. ET on November 10, 2016.