Gevo Inc Stock Price, News & Analysis

Gevo, Inc. (NASDAQ:GEVO) announced that CEO Dr. Patrick Gruber will participate in a Water Tower Research Fireside Chat on December 16, 2021, at 4:00 pm EST. The discussion will cover key recent events and provide a business overview. Interested participants must register, as live attendance is limited, but the event will be accessible for replay afterward. Gevo focuses on transforming renewable energy into low-carbon transportation fuels and sustainable plastics, boasting technology that reduces greenhouse gas emissions compared to fossil fuels.

Gevo, Inc. (NASDAQ: GEVO) has partnered with Kolmar Americas Inc. to establish a renewable fuel supply agreement valued at up to US$2.4 billion over eight years. This contract involves the supply of 45 million gallons per year of renewable hydrocarbons, including sustainable aviation fuel and isooctane, from Gevo's upcoming Net-Zero 2 production facility. The agreement could generate approximately US$300 million in annual gross revenue, with total revenues from Net-Zero 2 reaching about US$2.8 billion over the contract's duration.

Gevo, a leader in renewable energy solutions, announces the appointment of Alisher Nurmat as the new VP/Controller. With over 30 years of experience in accounting and finance, including previous roles in publicly-held companies, Nurmat aims to enhance Gevo's financial operations during a phase of growth. Gevo is committed to transforming renewable resources into low-carbon fuels and plastics, leveraging patented technology for competitive market returns. Forward-looking statements caution investors about the inherent risks and uncertainties.

Gevo has signed a memorandum of understanding with Sweetwater Energy to utilize sustainably sourced agricultural residues and woody biomass for renewable fuels. Sweetwater will build a facility near Gevo’s Luverne, Minnesota plant to produce up to 30,000 tons of biomass-derived cellulosic sugars annually. This collaboration aims to replace petroleum-based products and enhance sustainability in fuel production. Construction is expected to begin in Q3 2022. Gevo anticipates improved returns by leveraging cellulosic D3 RINs, while the partnership models could be replicated globally.

Gevo, Inc. (NASDAQ: GEVO) reported Q3 2021 financial results with revenues of $0.1 million, down from $0.2 million in Q3 2020. The company incurred a net loss of $14.4 million compared to $6.8 million the previous year. Cash and equivalents totaled $522.4 million, a decrease from $567.2 million in Q2 2021. Key developments included alliances for producing sustainable aviation fuel (SAF) and isobutanol, alongside a strategic partnership with Chevron. CEO Dr. Patrick R. Gruber highlighted demand growth and progress on their Net-Zero 1 project.

Gevo has announced its participation in the 2021 Biobased Economy Conference in Washington, DC, taking place from November 15-16. Company leaders, including CEO Dr. Patrick Gruber, VP of Government Relations Lindsay Fitzgerald, and Sustainability Engineering Manager Karen O’Brien, will discuss the decarbonization of renewable fuels and aviation. Key topics include bio-based product carbon intensity, technology for aviation biofuels, and sustainable aviation fuels' future challenges. Gevo aims to reduce greenhouse gas emissions while transforming renewable resources into low-carbon fuels and materials.

ADM and Gevo, Inc. have signed a memorandum of understanding (MoU) to produce sustainable aviation fuel (SAF) from ethanol and isobutanol. This collaboration aims to transition ADM's dry mills in Columbus, Cedar Rapids, and Decatur for the production of approximately 500 million gallons of SAF from 900 million gallons of ethanol. The initiative supports growing demand for low carbon fuels, with production expected to start in the 2025-2026 timeframe. The U.S. aims to produce 4 billion gallons of SAF by 2030, increasing to over 45 billion by 2050.

ADM and Gevo have signed a memorandum of understanding to shift production from fuel ethanol to sustainable aviation fuel (SAF) and other low-carbon hydrocarbons. This initiative will utilize 900 million gallons of ethanol from ADM's facilities in Nebraska, Iowa, and Illinois, converting it into approximately 500 million gallons of SAF. The project aligns with increasing demand for cleaner fuels, aiming for production to begin by 2025-2026. Both companies are focusing on advancing decarbonization strategies and leveraging innovative technologies to support their sustainability goals.

Gevo, Inc. (NASDAQ: GEVO) announced that CEO Dr. Patrick Gruber will participate in a Water Tower Research Fireside Chat on October 21, 2021, at 4:30 PM EDT. The discussion will focus on recent key events and the commercial development of Ethanol to Jet (ETJ) technology. Interested participants must register due to limited spots, but the event will be available for replay. Gevo aims to transform renewable energy into low-carbon fuels, potentially achieving net-zero greenhouse gas emissions, while also developing sustainable plastics.