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) announced that Dr. Patrick Gruber, CEO, will join the Water Tower Research Fireside Chat on January 21, 2021, at 3:00 PM EST. The discussion will focus on Net-Zero Projects, which aim to produce energy-dense liquid hydrocarbons using renewable energy sources and Gevo's proprietary technology. This approach could achieve net-zero greenhouse gas emissions throughout the lifecycle of the fuel. Registration for the live event is limited, but a replay will be available post-event.
Summary not available.
Gevo, Inc. (NASDAQ: GEVO) has successfully paid off its entire outstanding balance of $12.7 million related to its convertible senior secured notes issued to Whitebox Advisors LLC. The note holders converted the principal amount into 5,672,654 shares of common stock, reducing Gevo's secured debt balance to zero and saving the company $12.7 million in cash. This marks a strengthened balance sheet for Gevo, as noted by CFO Lynn Smull, highlighting the company's improved financial position.
Gevo, Inc. (NASDAQ: GEVO) announced the engagement of Koch Project Solutions, LLC for front-end engineering, design, and project execution management related to their expansion projects, which are being financed by Citigroup Global Markets. This partnership aims to accelerate the development of low-carbon hydrocarbons derived from renewable resources. The CEO emphasizes the goal of significantly reducing tailpipe emissions. Gevo's proprietary technology allows the production of liquid transportation fuels with zero carbon emissions potential, responding to the growing demand for sustainable alternatives.
Gevo has optioned the right to purchase approximately 239 acres of land near Lake Preston, SD, fulfilling initial milestones for a contract with Trafigura Trading LLC. The planned production facility aims to produce around 45 million gallons annually of jet fuel and renewable gasoline products. CEO Patrick R. Gruber highlighted the site's potential for large-scale production and future expansion. A decision on purchasing the site will be made later, contingent on financing. This development aligns with Gevo’s commitment to providing low-carbon renewable fuels.
Gevo, Inc. (NASDAQ: GEVO) applauds United Airlines' commitment to achieving 100% reduction in greenhouse gas emissions by 2050, highlighting the importance of sustainable aviation fuel (SAF) in this endeavor. Gevo's SAF is already in commercial use, including flights powered by United. CEO Patrick Gruber emphasizes that SAF can achieve a net zero or negative GHG profile, benefiting the airline industry, US farmers, and the environment. Gevo aims to offer low-carbon fuels to address greenhouse gas emissions and is advancing in renewable energy usage for production.
Gevo, Inc. (NASDAQ: GEVO) will participate in the Water Tower Research Fireside Chat Series on December 15, 2020, at 3:00 pm EST. CEO Dr. Patrick Gruber will discuss the topic of storing renewable energy through the creation of liquid hydrocarbons. Interested participants must register via the provided link, with live event access limited but available for replay afterward. Gevo aims to commercialize low-carbon fuels and sustainable plastics, contributing to reduced greenhouse gas emissions and addressing the market need for eco-friendly alternatives.
Gevo, Inc. (NASDAQ: GEVO) has supplied sustainable aviation fuel (SAF) to Avfuel Corporation, marking a significant step toward carbon neutrality in aviation. This delivery is notable as it is the first SAF load for resale at King County International Airport, serving Leading Edge Jet Center. Gevo aims to expand its partnerships and raise awareness about cleaner burning fuels. The company focuses on producing low-carbon jet fuel, gasoline, and diesel, utilizing renewable resources, with an emphasis on reducing greenhouse gas emissions.
Gevo, Inc. (NASDAQ: GEVO) reported a significant drop in revenue for Q3 2020, totaling $0.2 million, down from $6.1 million in Q3 2019, primarily due to COVID-19 impacts and the suspension of ethanol production. The company ended the quarter with cash of $80.6 million and plans to repay its outstanding debt of $12.7 million by year-end. Despite the challenges, Gevo secured a major offtake agreement with Trafigura, enhancing its offtake agreements to 48 million gallons per year, valued at approximately $1.5 billion over the contract's life. The company expects ongoing progress in project financing.
Gevo, Inc. (NASDAQ: GEVO) will host a conference call on November 10, 2020, at 4:30 p.m. EST to discuss its financial results for the third quarter ending September 30, 2020. The call will provide updates on recent corporate highlights as well. Participants can join by dialing (833) 729-4776 for U.S. callers or (830) 213-7701, using access code 4631139#. A replay will be available shortly after the call and archived on Gevo's website.
Gevo is focused on producing low-carbon renewable fuels and sustainable alternatives to traditional fossil fuels, aiming to reduce greenhouse gas emissions.