Gevo Inc (NASDAQ:GEVO) has announced the appointment of Jaime Guillen to its board of directors, adding relevant expertise as the company continues the development of projects, including its Net-Zero 1 facility at Lake Preston, South Dakota.
Guillen is a managing partner at Faros Infrastructure Partners LLC, an investment firm with offices in the UK, the US and Mexico. He is also the head of asset management for Mexico Infrastructure Partners and has about 30 years of experience in equity investments, project finance, project development, commercial contract negotiations, and company operations in a variety of sectors, including energy, transport, natural resources, private equity and fund management, Gevo noted.
READ: Gevo names industry veteran Tony Wells as general manager for its future Net-Zero 1 facility
Earlier in his career, Guillen worked for major international firms including as CEO of Alterra (ASX:1AG) Partners, managing director for Bechtel Enterprises and as a vice president of Bechtel Financing Services. He currently serves as the chairman of Polaris Infrastructure (TSX:PIF) Inc, a Toronto-based publicly listed company engaged in the operation, acquisition and development of renewable energy projects in Latin America.
"He brings significant expertise in the areas of infrastructure development, investment, financing and operations experience globally, which is highly relevant to Gevo as we continue the development of our Net-Zero and other projects,” CEO Patrick Gruber said in a statement.
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned, have the potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products.
Its off-the-grid Net-Zero 1 plant is expected to produce about 45 million gallons per year (MGPY) of energy-dense liquid hydrocarbons that should have a net-zero greenhouse gas footprint across the whole of the life cycle when burned as transportation fuels.
Contact the author at stephen.gunnion@proactiveinvestors.com