Gevo Inc Stock Price, News & Analysis

Gevo (NASDAQ: GEVO) has announced a virtual investor presentation and Q&A session scheduled for February 6, 2025, at 10:00am ET. The event will feature CEO Dr. Patrick Gruber and Vice President of Corporate Development Eric Frey, who will discuss the company's recent acquisition of Net-Zero North's low-carbon ethanol and carbon capture assets.

The presentation aims to provide detailed information about the closing of this strategic acquisition. Interested investors and stakeholders can access registration details and additional information through Renmark Financial's events platform.

Gevo Inc. (NASDAQ: GEVO) has acquired Red Trail Energy's assets for $210 million, including an ethanol production plant and carbon capture and sequestration (CCS) facilities in Richardton, North Dakota. The acquired assets, renamed 'Net-Zero North,' are expected to contribute $30-60 million in annual Adjusted EBITDA.

The acquisition was funded through Gevo equity capital and a $105 million senior secured term loan from Orion Infrastructure Capital (OIC). OIC has expressed interest in providing up to an additional $100 million in debt for future growth projects and is investing $5 million in equity at Net-Zero North.

The facility is notable for its low carbon intensity score, projected in the low 20s using the GREET model proposed in Section 45Z. The site offers potential expansion opportunities for sustainable aviation fuel (SAF) production and includes experienced operational personnel from the previous ownership.

Verity Holdings, a subsidiary of Gevo (NASDAQ: GEVO), has partnered with Landus to track and verify sustainable agriculture attributes at Landus' soybean facility in Ralston, Iowa. The agreement aims to create value for farmers through sustainability premiums in export markets.

The collaboration utilizes Verity's platform to document and assign value metrics for soybeans, focusing on sustainably certified products from regeneratively grown soybeans and corn. The partnership will streamline certification and data-verification processes to deliver premiums to qualifying farmers while encouraging processors to adopt efficiency-enhancing systems.

The companies plan to expand data-verification efforts to additional Landus facilities and pilot innovative market solutions, maintaining transparency with farmer-owners and stakeholders through regular progress updates.

Verity Holdings, a subsidiary of Gevo Inc. (NASDAQ: GEVO), has announced a new partnership with Midwest Renewable Energy (MRE), a Nebraska-based ethanol producer. MRE will utilize Verity's end-to-end carbon accounting platform to track sustainability metrics and enhance profitability. The platform will assist MRE in data collection, management, and lifecycle analysis calculations for participation in low carbon fuel production programs.

MRE, which produces ethanol for fuel, industrial, pharmaceutical, food, and beverage applications, aims to expand monetization opportunities through tax credits, compliance, and voluntary markets. The partnership will enable MRE to access carbon value opportunities beyond regulatory programs through Verity's network of clients.

Gevo and LG Chem have extended their joint development agreement to accelerate the commercialization of Gevo's Ethanol-to-Olefins (ETO) technology. The extension allows LG Chem to evaluate existing assets for implementing the ETO technology, which can produce carbon-neutral or carbon-negative alternatives to petroleum-based building blocks. The partnership focuses on developing bio-propylene, which can be used as a renewable raw material for various plastic products, from auto parts to flooring and diapers. Dr. Paul Bloom, Gevo's Chief Carbon and Innovation Officer, highlighted that commercial activities are progressing ahead of the original timeline.

Gevo Inc. (NASDAQ: GEVO) announced that Red Trail Energy's equity holders have approved the acquisition of their ethanol production plant and carbon capture and sequestration (CCS) assets in Richardton, North Dakota. The $210 million cash transaction is expected to close by Q1 2025, subject to regulatory approvals and financing.

This strategic acquisition aims to accelerate Gevo's mission in developing net-zero hydrocarbon fuels and chemicals, potentially enabling the company to become self-sustaining and profitable before their Net-Zero 1 project launches. The assets provide an ideal location for a 'Net-Zero North' plant to produce sustainable aviation fuel (SAF) and offer carbon sequestration capabilities that could benefit multiple Gevo facilities in the region.

Gevo (NASDAQ: GEVO) has announced its participation in an upcoming fireside chat with H.C. Wainwright. The event will feature Lindsay Fitzgerald, Executive Vice President of Corporate Affairs, and Dr. Eric Frey, Vice President of Finance and Strategy. The chat is scheduled for Wednesday, November 20, 2024, at 4:00pm ET. Interested participants, including investors, can access the event through a provided registration link.

Gevo (NASDAQ: GEVO) has announced its participation in an upcoming virtual investor event. The company's Executive Vice President of Finance, Leke Agiri, will be presenting at the Renmark Virtual Non-Deal Roadshow Series on Thursday, November 14th at 2:00pm ET. Interested investors can participate by registering through the provided link on Renmark Financial's website.

Gevo Inc reported Q3 2024 financial results with combined revenue and interest income of $5.8 million. The company secured a $1.6 billion DOE loan guarantee conditional commitment for its Net-Zero 1 project. Key developments include the acquisition of Red Trail Energy's ethanol and carbon capture assets, expected to contribute to positive Adjusted EBITDA in 2025. Q3 highlights: cash position of $292.9 million, RNG subsidiary revenue of $2.0 million, and net loss of $0.09 per share. The company's RNG revenue decreased due to environmental attribute inventory buildup, anticipating LCFS Program pathway approval in Q1 2025.