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) reported Q1 2020 financial results, showing revenue of $3.8 million, down from $6.4 million in Q1 2019. The company experienced a significant decrease in hydrocarbon revenue, falling to $0.1 million compared to $0.7 million the previous year. A net loss of $9.3 million was recorded, up from $6.1 million in Q1 2019. Cash reserves diminished to $9.3 million from $16.3 million at Q4 2019. Despite suspending operations at its Luverne Facility due to COVID-19, Gevo continues producing renewable isooctane and jet fuel in Texas.
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