Gevo Inc (NASDAQ:GEVO) announced that Alisher Nurmat has joined the company as its VP/Controller.
The company noted that Nurmat brings more than thirty years of experience and leadership in accounting and audits, SEC reporting, SOX, tax, management accounting, ERP implementation and management, IT, and finance functions.
Most recently, he served as the VP Finance and Corporate Controller at Gold Resource Corporation (NYSE-A:GORO, ETR:GIH), where he improved and successfully managed corporate internal and external financial and accounting operations.
“I’m delighted to welcome Alisher to Gevo,” said Lynn Smull, Gevo chief financial officer in a statement. “He has extensive experience leading accounting teams in the oil and gas, manufacturing, mining, and pipeline transportation industries. This includes publicly-held companies and companies with complex operations, including foreign subsidiaries. Alisher’s experience and expertise will greatly benefit Gevo and we look forward to working with him.”
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Nurmat commented: "I am thrilled to join Gevo in this period of exciting growth. I look forward to building partnerships, driving results, and providing mentorship for Gevo’s high-performing corporate finance team.”
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 potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products.
Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo also plans to take advantage of decarbonization via geological sequestration in the future.
Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels,
Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions.
Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business. It also believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.
Contact the author at jon.hopkins@proactiveinvestors.com