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. (NASDAQ: GEVO) is frequently in the news for developments in renewable fuels, renewable chemicals, and carbon management. Company announcements highlight progress in synthetic aviation fuel (SAF) based on alcohol-to-jet (ATJ) technology, expansion of carbon capture and sequestration (CCS/CCUS) activities, and the commercialization of carbon dioxide removal credits from its North Dakota operations. News coverage also reflects Gevo’s focus on ethanol production, renewable natural gas (RNG), and the use of its Verity platform for tracking sustainability attributes across agricultural and energy supply chains.
Investors following GEVO news can expect updates on patents and technology milestones, such as the company’s patented Ethanol-to-Olefins (ETO) process that produces light olefins from ethanol for fuels and renewable chemical building blocks. Press releases also describe multi-year carbon dioxide removal sales agreements, ratings of Gevo’s carbon projects by independent carbon rating agencies, and partnerships that combine Gevo’s bioenergy CCS expertise and Verity’s digital tracking with third-party sequestration hubs and transportation networks.
Gevo’s news flow regularly includes information on Section 45Z Clean Fuel Production Credits generated from ethanol production and sold under tax credit transfer agreements, as well as financial results that discuss revenue contributions from its North Dakota facility and dairy-based RNG operations. Corporate governance and leadership transitions, including board and executive changes, are disclosed through Form 8-K filings and accompanying press releases.
For readers tracking GEVO, the news stream provides insight into how the company is integrating ethanol, RNG, ATJ-based jet fuel projects, and carbon markets. Regular updates on project financing, carbon credit sales, and technology deployment offer context for understanding Gevo’s evolving role in low-carbon fuels and carbon management. Bookmark this page to review ongoing press releases, transaction announcements, and regulatory disclosures related to Gevo, Inc.
Gevo, Inc. (NASDAQ: GEVO) has received a conditional commitment for a $1.46 billion loan guarantee from the U.S. Department of Energy Loan Programs Office for its Net-Zero 1 project (NZ1) in South Dakota. This marks a significant milestone for the world's first large-scale net-zero-emissions alcohol-to-jet production facility.
The NZ1 facility in Lake Preston will produce approximately 60 million gallons of sustainable aviation fuel (SAF), 1.3 billion pounds of protein and animal feed products, and 30 million pounds of corn oil annually. The project is expected to create over 1,300 indirect jobs during construction and 100 permanent jobs at the plant, with an annual economic impact exceeding $100 million.
This conditional commitment is a important step towards finalizing the financing for NZ1, potentially attracting additional capital investments and accelerating SAF commercialization. The project aims to transform the aviation industry by providing scalable, sustainable, and economical renewable-carbon-based jet fuel.
Gevo, Inc. (NASDAQ: GEVO) has acquired Cultivate Agricultural Intelligence, (CultivateAI) for $6 million in cash, with potential additional earn-out payments. CultivateAI will be integrated into Gevo's Verity subsidiary to accelerate business development and growth. CultivateAI, a proven business with expected 2024 revenue of $1.7 million and positive cash flow, provides agricultural data through a SaaS platform.
The acquisition aims to combine CultivateAI's digital agriculture data and analytics platform with Verity's carbon accounting and tracking solutions. This integration is expected to provide high-quality, data-driven solutions for carbon abatement in various markets while helping farmers improve operations, sustainability, and profitability.
Gevo anticipates that this acquisition will accelerate Verity's development, increase customer value, and create new revenue streams outside the biofuel segment. The company views this as an opportunity to support its mission of growing an efficient circular economy and delivering shareholder returns through scalable revenue opportunities.
Gevo, Inc. (NASDAQ: GEVO) has announced the sale of approximately $20 million in Investment Tax Credits generated by its Gevo NW Iowa RNG facility under the Inflation Reduction Act. This transaction provides net cash proceeds of about $17 million after fees. The RNG facility, optimized to produce 400,000 MMBtus of RNG annually, is expected to reduce greenhouse gas emissions by up to 175,000 metric tons of CO2 equivalent per year.
The sale monetizes tax credits from the facility's commercialization, improving Gevo's liquidity and ability to fund strategic sustainable aviation fuels (SAF) projects. The company continues to explore scaling opportunities for its RNG business and potential synergies with other operations. This transaction demonstrates how Gevo's focus on renewable energy optimization creates value for shareholders.
Gevo Inc (NASDAQ: GEVO) has announced that its CEO, Dr. Patrick R. Gruber, will take part in a Renmark Virtual Non-Deal Roadshow Series on Tuesday, September 24th, at 2:00 pm ET. This virtual investor meeting aims to provide an opportunity for interested parties to engage with the company's leadership.
Investors and other interested individuals can participate in this event by registering through the provided link. This virtual format allows for wider accessibility and engagement with Gevo's management, potentially offering insights into the company's operations, strategies, and future outlook.
As a leader in renewable chemicals and advanced biofuels, Gevo's participation in such events can be important for maintaining investor relations and market visibility. The non-deal nature of the roadshow suggests that while no specific transactions are being promoted, it serves as a platform for information sharing and stakeholder communication.
Gevo, Inc. (NASDAQ: GEVO) has been granted U.S. Patent No. 12,043,587 B2 for its ethanol to olefins (ETO) process by the U.S. Patent and Trademark Office. This breakthrough technology allows for the conversion of ethanol into olefins using proprietary catalyst combinations. The ETO process is designed to produce three and four carbon olefins from ethanol in a single step, potentially reducing energy consumption and capital costs in biofuel and biochemical production.
The patented process offers improved selectivity and control, making it suitable for producing both fuels and chemicals. Gevo has already licensed the technology to LG Chem for chemical production under a joint development agreement. This innovation is expected to significantly impact the production of sustainable aviation fuel (SAF) and other renewable products, furthering Gevo's mission to transition from fossil-based to renewable fuels and chemicals.
Gevo, Inc. (NASDAQ: GEVO) has announced a definitive agreement to acquire Red Trail Energy's ethanol production plant and carbon capture and sequestration (CCS) assets for $210 million. This strategic acquisition is expected to make Gevo's Adjusted EBITDA positive in 2025 and accelerate its mission to produce net-zero liquid transportation fuels and chemicals.
Key highlights include:
- 65 million gallons per year low-carbon ethanol plant
- CCS assets with 1 million metric tons annual capacity
- Synergies with Gevo's Net-Zero 1 SAF project
- Expansion of sustainable aviation fuel (SAF) production capabilities
- Retention of approximately 50 full-time employees
The transaction is expected to close by Q1 2025, subject to regulatory approvals and other conditions. Gevo plans to finance the acquisition through asset-level debt and cash from its balance sheet.
Gevo, Inc. (NASDAQ: GEVO) has announced a significant purchase agreement with Shell Global Solutions Deutschland GmbH for its low-carbon intensity fuel blendstock to be used in motorsports. This renewable blendstock, derived from sustainable feedstocks like agricultural waste, is designed to meet the demanding requirements of racing while offering enhanced net-energy storage and lower carbon emissions.
The agreement aligns with Gevo's commitment to carbon abatement and demonstrates that sustainability and peak performance can coexist in motorsports. Gevo's Chief Business Development Officer, Damien Perriman, emphasized the importance of this step towards a sustainable future, highlighting the company's role in delivering net-zero fuels and chemicals across various industries.
Gevo, Inc. (NASDAQ: GEVO) has released a new report by Charles River Associates highlighting the economic and environmental benefits of sustainable aviation fuel (SAF) production. The study focuses on Gevo's planned Net-Zero 1 (NZ1) alcohol-to-jet (ATJ) SAF facility in South Dakota. Key findings reveal that every $1 from federal tax credits for ATJ SAF yields $4-6 in total quantified benefits.
The report outlines significant advantages, including:
- $2/gallon value from reduced lifecycle GHG emissions
- $0.12/gallon in avoided health impacts
- $0.90/gallon value from climate-smart agriculture practices
- $116 million annual value added to the local economy
- 836 jobs created (100 at the plant, 736 locally)
- $23 million in annual federal tax revenue
The NZ1 facility is expected to bolster energy security, support local economies, and contribute to the aviation industry's net-zero goals.
Gevo, Inc. (NASDAQ: GEVO) reported its Q2 2024 financial results and corporate highlights. Key points include:
1. Net-Zero 1 project progressing with DOE loan guarantee process, targeting financial close by end of 2024.
2. RNG project achieved record production volumes, with 22% increase compared to Q2 2023.
3. Verity subsidiary expanding AI integration and partnerships.
4. Q2 2024 financial highlights:
- Cash, cash equivalents, and restricted cash: $315.3 million
- Combined revenue and interest income: $9.4 million
- Loss from operations: $24.0 million
- Non-GAAP adjusted EBITDA loss: $15.3 million
- Net loss per share: $0.09
The company continues its stock repurchase program and expects significant future growth in RNG project income and adjusted EBITDA.
Gevo Inc (NASDAQ: GEVO) has announced its participation in an upcoming virtual investor event. Dr. Eric Frey, the company's Vice President of Finance and Strategy, will be representing Gevo at the Renmark Virtual Non-Deal Roadshow Series on Tuesday, July 30th at 12:00 pm ET.
This virtual meeting provides an opportunity for investors and interested parties to engage with Gevo's leadership and gain insights into the company's operations and strategy. Participants must register for the event using the provided link to attend. This initiative demonstrates Gevo's commitment to investor relations and transparency in its communications with the financial community.
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