all you Thank us Geoff, thank and today. joining you for
continue decarbonizing isobutanol, onward, renewable plant the developing jet the at opportunities executing our of business fuel strategy for isooctane. and and Luverne We
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transportation corn; strategically sustainable is market; access of options supply sources; relationships us. with plant reliable lower-carbon, to Our located plentiful to farmers supply good wind with various who and
as facility help the isobutanol. and both score. opportunity Luverne decarbonize, down matters Decarbonization CI our incrementally make Recall facility continue again, score the the decarbonize. this energy ethanol We U.S. of is carbon can expected ethanol sources the intend goes to for score, from in as fossil-carbon we and that CI reduction our removing to that see our index IBA. the each production with CI, to lower. we production All revenue for more that's in We earn the lowest processes, We profitability point path.
under step there hydrocarbon is for our Texas. Luverne expanding The building that also being blend discussed Facility big to an see even specialty the hydrocarbon gasoline are that product market to contract capacity that total term isooctane expanded I be before. and plant production near is demand South plant Substantially, this the is out to for per Expansion. commercially for of all met in to We Resources jet year. and the down Silsbee the our We out This us in from We're market about developing into intermediate prior the and not Silsbee, fuel wait as Hampton and plant production in may Luverne sold jet markets. of to want plants really in the stock XXXX build been produce and gallons have jet to the XXXX. plant XXX,XXX Expansion more of has isooctane at midst Facility
So developing now to big ideas we're filling the between gap the and the plant.
decisions, make come together plants As you. these we we'll inform and
agreements business fuel, to set a overall the offtake obtain is for front, isooctane financeable of jet On isobutanol. goal and/or that the recall
these for project to put us forth that to to returns attract to allows is have suitable contracts investors. approach pricing Our and lenders
We continue to make progress.
scalability. is opportunities picked and isooctane. Likewise, looked economics has Now They renewable technologies the of a all good Carless Because a the a agreement Haltermann of ours. offtake example for know, jet as for Avfuel combined signed you at and company. and Why? long-term
Haltermann Avfuel. for works price for and Our point
have XX to learned negotiation in I other sure Chief larger-volume red count being this customers in after say Having passed Cesarek, things where like securing only isobutanol. back contracts but I've forth. lines with are progress our contracts years, Officer, Commercial can and We they're business looks is for it jet signed, been in making several Tim for isooctane, and
announce they continuing get signed. We agreements Buc-ee's will with these develop when IBA down Houston. to in is
regions being moving to We out. are are other cities. plans with working The them the and worked expand to
Our India and develop partner jet for and the Praj isobutanol in to parts of opportunities continues world. fuel other
engineering the And relationships, technology largest America We lot customers from especially them those supplier with right a feedstock and opportunities under are, they have a learned stronger plants technology we down and of this up efforts Recall, produce larger goal to relevant for our to quarter, with license Together, for a and work. They plants. to license we deployment the other licensing. isobutanol cane in our hydrocarbon And parts world. working access worldwide, the a agreement. expect sort in as third commercial it right. has want pin sugar the the of to world's isobutanol Gevo feedstock. partners. try get the they technology ethanol use still out. as with to Asia, are molasses molasses entering understand, potential license takes how South stepped Praj with we to is It's Together, good molasses to In We for a whom us. have companies we're as
what's with options expanding have independent and We it's anything with in are of companies see customers for figure strategic an time these our also out sight companies, MOUs stage. with of at companies with world, down entering interested Luverne. These We how more enough These best third technology are line and renewable unfold. we us. the licensing world. relationships details we're Praj. these of as strategics that doing possible in quarter, our shall regions bio-based just in to are the into the And early other fossil-based into pin learning entered In relationships
because that they interested customers products. de-risked see they Ours can our very are having and in in along that can is we're it, see the interesting technology, far
We have and to MOU prove that what got we And us work, technologies can that's and products this it. stage.
are to product mix, complete cetera. sources, size, questions feedstock, the about et develop cost the energy how structure, the CapEx, system: business Now
in in reduce cash. million more once companies are these about designed disclose $XX finished million we spend EBITDA we We improve and along relationships. the than will will the further And several to We with our burn. on more the quarter projects capital third in
all reducing eliminating opportunities and we we not we if while our jet much, develop look commercial continue As burn, isooctane. of fuel and to for even see isobutanol, can past forward,
the And to progress, airlines. expect know see when us? partners. isooctane, make these going I what don't relationships with I expect any soon. I So of more But they're is some to I I expect contracts expect I relatively regarding I'll coming actually of in get additional isobutanol. contracts to we'll turn believe things at and occur. I progress additional happen over all it Brad. done. commitments them want in making will with course, contracts. – I is Tim
