In Washington, as part of the Biden-Harris administration’s Investing in America agenda, the Department of Energy’s (DOE) Loan Programs Office (LPO) announced a conditional commitment for a loan guarantee of up to $1.44 billion to Montana Renewables, LLC (Montana Renewables, or MRL) and a conditional commitment for a $1.46 billion loan guarantee to Gevo Net-Zero […]
In Washington, the US Department of Energy Loan Programs Office revealed two conditional loan guarantee commitments, up to $1.44 billion to Montana Renewables for its Montana Renewables project, and $1.48 billion to Gevo for its Net-Zero 1 project in South Dakota. The Gevo project The NZ1 facility is being built in Lake Preston, South Dakota. […]
In Colorado, Gevo, Inc. has acquired Cultivate Agricultural Intelligence, LLC for $6 million in cash, with the opportunity for the sellers to receive additional earn-out payments. Gevo will fold CultivateAI into its wholly owned Verity subsidiary to accelerate Verity’s business development and growth. CultivateAI is a proven business with expected 2024 revenue of $1.7 million […]
In Colorado, Gevo, Inc. sold approximately $20 million in Investment Tax Credits to an undisclosed corporate buyer. This transaction monetizes Inflation Reduction Act Investment Tax Credits generated from the commercialization of a renewable natural gas production facility by Gevo NW Iowa RNG, LLC and provides net cash proceeds of approximately $17 million to Gevo after […]
In Colorado, Gevo announced on September 16, 2024, that it has received a U.S. patent for its ethanol-to-olefin process, a significant advancement in bio-based chemical and fuel production. The ETO process, which uses proprietary catalysts to convert ethanol into valuable three- and four-carbon olefins like propylene, promises to lower both capital and operating costs by […]
In Colorado, Gevo, a leader in net-zero fuels, is set to acquire Red Trail Energy’s ethanol and carbon capture facilities in North Dakota for $210 million. The deal boosts Gevo’s push for sustainable aviation fuel and low-carbon products, adding a key carbon sequestration site with a million-ton capacity. The acquisition of the 65-million-gallon ethanol plant […]
A handful of industrial biotechnology companies have the strength and purpose to make it as a public company — others remain private, are acquired, or wind down. What makes companies able to succeed with public investors? What combination of product mix, experienced management, technologies that excel, capital at work, and effective vision make it possible […]
From Colorado comes news that Gevo inked a purchase agreement for its low-carbon intensity fuel blendstock with Shell Global Solutions Deutschland for use in motorsports. Yep., Gevo’s insanely low-carbon fleul blendstock now heads for the racing circuit and the grueling world of motorspots. Sustaninable? Check. Affordable? Check. Fast? Check, check, check. Or should we put […]
In Colorado, Gevo unveiled a compelling report by Charles River Associates detailing the economic and environmental gains from sustainable aviation fuel production, notably at its planned Net-Zero 1 facility in South Dakota. According to the study, every federal dollar invested in SAF yields $4-6 in economic benefits. The NZ1 facility, which focuses on converting alcohol […]
In Colorado, Gevo, Inc. announced this week that its renewable natural gas business recently achieved record production levels. “I am pleased that we achieved an annualized production rate of approximately 402,000 MMBtu in May, exceeding our previous record of approximately 401,000 MMBtu in March,” said Staci Bogue-Buchholz, Vice President and General Manager of Gevo’s RNG […]
