Gevo Inc was incorporated in Delaware on June 9, 2005, as Methanotech, Inc. It is a renewable chemicals and biofuels company engaged in the development and commercialization of alternatives to petroleum-based products based on isobutanol produced from renewable feedstocks. It can also be converted into butenes using simple dehydration chemistry deployed in the refining and petrochemicals industries today. Butenes hydrocarbon feedstocks that can be employed to create substitutes for the fossil fuels used in the production of plastics, fibers, rubber, other polymers and hydrocarbon fuels. In order to produce and sell isobutanol made from renewable sources, it has developed the Gevo Integrated Fermentation Technology, or GIFT, an integrated technology platform for the efficient production and separation of isobutanol. GIFT consists of two components, proprietary biocatalysts which convert sugars derived from multiple renewable feedstocks into isobutanol through fermentation, and a proprietary separation unit which is designed to continuously separate isobutanol from water during the fermentation process. It might face substantial competition in the markets for isobutanol, plastics, fibers, rubber, other polymers and hydrocarbon fuels. The Company is subject to change in governmental regulations.