Gevo, Coca-Cola Partner to Develop and Commercialize 100% Renewable Plastic Bottles; GEVO Shrs Up 10%, KO Up 1%

By Staff,

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Gevo ( GEVO ) today said that it has signed an agreement with The Coca-Cola Company ( KO ) to create renewable para-xylene from plant based isobutanol, which willbe used to develop Coca-Cola's PlantBottle packaging made from 100% plant-based materials.

The partnership will develop an integrated system to produce renewable para-xylene, a key building block made from renewable materials that can be used for packaging. The work involves taking the technology from lab-scale to commercial scale.

GEVO shares are up 10.64% to $6.24, while KO shares are up 1.30% to $67.12.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: GEVO , KO

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