The founders of Claeris have an unmatched track record of success.


The founders/managing partners of Claeris and Gevo, Inc. (NASDAQ: GEVO) founded Gevo Development in 2009 to commercialize Gevo’s breakthrough proprietary technology for the production of advanced biofuels and renewable chemicals. Gevo Development was formed to acquire, retrofit, finance, and operate a fleet of advanced bio-refineries to serve the refining and chemical industries. Gevo’s products provide sustainable, cost-effective, and environmentally responsible alternatives for the advanced biofuels and petrochemical markets. Gevo’s proprietary technology is designed to be retrofitted to an existing ethanol facility.

Gevo website:

September 2009: Gevo Development formed
September 2010: Gevo Development acquired Agri-Energy (a 22 million gallon ethanol plant) to be retrofitted to produce isobutanol
September 2010: Gevo Development closes $17 million of financing from Triplepoint Capital to fund the acquisition of Agri-Energy
February 2011: Gevo consummates an initial public offering raising over $120 million and realizing a market capitalization of over $400 million. UBS Investment Bank, Piper Jaffray and Citi acted as joint book-running managers, with Simmons & Company International acting as a co-manager for the offering
June 2011: Gevo Development enters into joint venture with Redfield Energy, LLC (a 50 million gallon ethanol plant) to be retrofitted to produce isobutanol
October 2011: Gevo Development closes $20 million in financing from Triplepoint Capital to fund retrofit of Agri-Energy
January 2012: Gevo Development signs MOU with ethanol producer representing 70 percent of Gevo 2015 expected future isobutanol production
Results (from the formation of Gevo Development to the IPO):

• Gevo’s common equity value increased: 460%
• Gevo’s total equity value increased: 330%
• Formation of Gevo Development to Gevo IPO: 17 months

  The founders/managing partners of Claeris founded ASAlliances Biofuels (“ASAB”), a pioneering company in the biofuels sector. ASAB was the largest ethanol development project in the world with a production capacity of 330 million gallons per year. ASAB became one of the first dynamic business enterprises to emerge out of the highly fragmented ethanol industry.
January 2005: ASAB formed
February 2006: ASAB was capitalized with $432 million of debt and equity. The financing was and remains the largest ethanol financing ever completed and was awarded the Project Finance Institute 2006 Environmental Deal of the Year
September 2006: ASAB filed a registration statement on Form S-1 with the SEC. UBS, Lehman Brothers, Morgan Stanley, Credit Suisse, and FBR were named as underwriters in the proposed $300 million equity offering
August 2007: ASAB was sold to Verasun Energy Corporation for $725 million
• IRR on invested equity: 410%
• Development to capitalization: 14 months
• Capitalization to exit: 18 months