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Gevo Inc. and Mansfield Oil Company in strategic marketing alliance

Gevo Inc. entered into a marketing alliance with Mansfield Oil Company. The strategic alliance is expected to distribute isobutanol-based fuel into the petroleum market. The two companies also signed a commercial off-take agreement. This is Gevo’s second commercial off-take agreement and the first in the fuel industry. The first two aspects of the agreement consist of a five-year contract that gives Mansfield the right to blend Gevo’s isobutanol for its own use, as well as to distribute the product. The last aspect is a three-year contract which gives a Mansfield subsidiary the right to provide various supply chain services with logistics management, customer service support, invoicing and billing services. Mansfield has more than 900 supply points across all 50 states in the U.S. (September 8, 2011)