Welcome to our dedicated page for Gevo news (Ticker: GEVO), a resource for investors and traders seeking the latest updates and insights on Gevo stock.
Gevo, Inc. reports developments across renewable fuels, chemicals and carbon management. Company news commonly covers financial results, low-carbon ethanol operations at Gevo North Dakota, carbon capture and sequestration infrastructure, a Class VI carbon-storage well, and the company’s dairy-based renewable natural gas facility.
Updates also address Gevo’s Alcohol-to-Jet platform for synthetic aviation fuel, proprietary technology for converting bio-based feedstocks into hydrocarbons and chemicals, specialty racing fuel blendstocks, project financing activity, licensing and franchise-development strategy, and executive or governance changes tied to its renewable-fuels growth plans.
Gevo, Inc. (NASDAQ: GEVO) has rescheduled its fourth quarter 2020 financial results release to March 17, 2021, at 4:30 p.m. EST. The original date was March 18, 2021. Investors can participate in the conference call by dialing (833) 729-4776 or (830) 213-7701 with access code 3178466#. A replay will be available two hours after the call ends, accessible through Gevo's website. Gevo is focused on transforming renewable energy into energy-dense hydrocarbons, aiming for low-carbon liquid fuels and sustainable plastics.
Gevo (NASDAQ: GEVO) has signed a memorandum of understanding (MOU) with HCS Group to establish a renewable hydrocarbon facility in Speyer, Germany. This project aims to produce about 60 kMT (approximately 22 million gallons) of low-carbon sustainable aviation fuel (SAF) annually by the end of 2024. The facility will leverage HCS Group's existing infrastructure to expedite market entry and fulfill sustainability goals. Both companies seek to drive the SAF market in Europe, marking a significant collaboration to reduce greenhouse gas emissions.
Gevo has amended its agreement with Scandinavian Airlines System (SAS) to increase the minimum purchase obligation for sustainable aviation fuel (SAF) to 5 million gallons per year. This amendment signifies a substantial commitment from SAS, projecting a value of over $100 million over the agreement's duration. Supply is expected to commence in 2024 from Gevo's Net-Zero 2 Project. The deal aligns with SAS's goal to reduce emissions by 25% by 2025, reinforcing Gevo's position in the renewable fuel market.
Gevo, Inc. (NASDAQ: GEVO) announced participation in the Water Tower Research Fireside Chat Series on February 23, 2021, at 2:30 PM EST. Executives Dr. Patrick Gruber and Timothy Cesarek will discuss Gevo’s business pipeline and contracts related to net-zero emissions.
Interested participants must register due to limited space; the event will also be available for replay post-presentation. Gevo focuses on transforming renewable energy into drop-in transportation fuels, aiming for substantial reductions in greenhouse gas emissions while maintaining performance comparable to fossil fuels.
Gevo, Inc. (NASDAQ: GEVO) will host a conference call on March 18, 2021, at 4:30 p.m. EST to discuss its fourth-quarter financial results for the period ending December 31, 2020. Interested participants can join by calling (833) 729-4776 (U.S.) or (830) 213-7701 and using access code 3178466#. A replay will be available two hours after the call at Gevo's website. Gevo aims to leverage renewable energy to create low-carbon fuels and contribute to reducing greenhouse gas emissions.
Gevo, Inc. (NASDAQ: GEVO) announced significant business initiatives for 2021, focusing on renewable energy production through its Net-Zero Projects. The company is developing Net-Zero 1 in South Dakota, aiming to produce 45MGPY of low-carbon liquid hydrocarbons, alongside high-protein animal feed. Gevo secured $321.7 million from a recent stock offering, boosting its cash to $535 million with negligible debt. The capital cost for Net-Zero 1 is projected between $700-$800 million. Gevo also plans additional contracts and strategic partnerships to support future projects.
Gevo, Inc. (Nasdaq: GEVO) has completed a registered direct offering of 43,750,000 shares at $8.00 each, resulting in net proceeds of approximately $321.7 million. The funds will be allocated towards capital projects, working capital, and corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent, while Citigroup served as the capital markets advisor. The shares were issued under an effective registration statement with the SEC, and further details can be accessed via their website.
Gevo, Inc. (NASDAQ: GEVO) will host a live webcast fireside chat with CEO Dr. Patrick Gruber on January 25, 2021, at 3:00 pm EST. The discussion will explore Net-Zero Projects, which focus on producing energy-dense liquid hydrocarbons through renewable energy sources. These projects aim to achieve net-zero greenhouse gas emissions across the lifecycle of the liquid fuel. Interested participants can register for the event via a provided link, with limited live attendance and a replay option available post-event.
Gevo announced a registered direct offering of 43,750,000 shares of common stock at $8.00 per share, expected to close on January 22, 2021. The offering will generate approximately $350 million in gross proceeds, which Gevo intends to use for capital projects, working capital, and general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent, while Citigroup acts as a capital markets advisor. The offering is made under an automatic shelf registration statement filed with the SEC on January 19, 2021.
Gevo, Inc. (NASDAQ: GEVO) announced that Frances H. Arnold, Co-Founder and Nobel-Prize recipient, has been appointed to President-Elect Joe Biden’s Science Team. This team aims to leverage scientific advancements to tackle significant global challenges, including climate change. CEO Patrick R. Gruber highlighted the importance of Arnold’s work in developing crucial enzymes for Gevo’s technology, which transforms renewable energy into low carbon transportation fuels. Gevo's mission focuses on creating sustainable alternatives to reduce greenhouse gas emissions.