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

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.

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

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