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Gevo Inc announced it now has direct ownership and management over the entire known isobutanol patent portfolio of Butamax following striking an asset purchase deal with the latter and its affiliate. The transaction, which closed on September 21, leaves Gevo as the only entity with “full rights to sublicense the entire Gevo/Butamax isobutanol and isobutanol derivatives patent estate in the fields of fuels, isooctane, industrial chemicals, isobutylene, oligomerized isobutylene, and para-xylene” and is expected to boost its intellectual property (IP) value.
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