ICM partners with Gevo

By | January 03, 2009
In late October, Colorado-based Gevo Inc. announced its partnership with Colwich, Kan.-based ICM Inc. to advance the development of Gevo's Integrated Fermentation
Technology, which enables retrofitted ethanol plants to produce isobutanol and hydrocarbons. Under the terms of the agreement, a demonstration facility will be built at ICM's biofuels research center in St. Joseph, Mo. ICM would serve as the exclusive engineering, procurement and construction contractor for the retrofit of future ethanol plants utilizing Gevo's technology.

Prior to this announcement, ICM released 73 employees in addition to the 105 it released in April. ICM attributed the staff reduction to the nationwide economic downturn has also affected the ethanol industry.