10:33 AM EST, 12/12/2024 (MT Newswires) -- 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 ( GEVO ) Ethanol-to-Olefins technology.

Gevo's ( GEVO ) 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 ( GEVO ) were down 4.4% in recent trading.

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