Gevo signs separate offtake agreements for emissions credits and SAF

In Colorado, Gevo recently signed a pioneering offtake agreement with Future Energy Global, under which FEG will acquire from Gevo the Scope 1 and Scope 3 emissions credits from 10 million gallons per year of fuel to be produced at one of its planned alcohol-to-jet facilities. Additionally, it entered into an agreement with a separate undisclosed party for an additional five million gallons per year of SAF, without the carbon value or Scope 1 and Scope 3 emissions credits attached. The carbon abatement for this additional 5 million gallons has been sold to a separate party, not the fuel buyer. Note that Scope 1 and Scope 3 emissions credits are in addition to, and separate from, state and federal compliance credits. These offtake agreements are expected to be useful for financing its ATJ projects in South Dakota or North Dakota.