So Much For Sequestration: Military Purchases Green Fuel at $59 per Gallon

Photo Credit: GevoWith many claiming to feel the pangs of the sequestration, it appears a green company’s contract for a more expensive jet fuel was allowed to go through.

The renewable chemical and biofuel company Gevo in its first quarter investor relations report stated that it signed a contract with the Defense Logistics Agency to supply 3,650 gallons of renewable jet fuel.

The order, worth $215,350 total ($59/gallon), is set to be delivered by 2013′s second quarter and has the option to be increased to 12,500 gallons, which would cost up to $737,500.

Gevo calls this an “initial testing phase.”

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