Tag: Gevo

Gevo and LG Chem expand development agreement to include ethanol-to-olefins tech

December 12, 2024 | Meghan Sapp

In Colorado, Gevo, Inc. and LG Chem are extending their joint development agreement enabling LG Chem to assess existing assets for deploying Gevo’s Ethanol-to-Olefins technology while accelerating commercialization activities, considering project scale and end-product markets. Gevo’s patented ETO technology can target carbon-neutral or carbon-negative drop-in replacements for traditional petroleum-based building blocks. These are core olefins, […]

Red Trail Energy’s equity holders approve Gevo acquisition

December 11, 2024 | Meghan Sapp

In Colorado, Gevo announced that its planned acquisition of the ethanol production plant and carbon capture and sequestration assets of Red Trail Energy, LLC passed an important milestone as the equity holders of Red Trail Energy voted overwhelmingly to approve the transaction. This acquisition will accelerate Gevo’s mission to transform renewable carbon and photosynthetic energy […]

Gevo acquires Cultivate Agricultural Intelligence for $6M

September 26, 2024 | Meghan Sapp

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 […]

Gevo sells $20M in IRA tax credits

September 23, 2024 | Meghan Sapp

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 […]

Gevo secures U.S. patent for groundbreaking ethanol-to-olefin process

September 16, 2024 | Jim Kendrick

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 […]

Gevo paves new path with Red Trail acquisition

September 12, 2024 | Jim Kendrick

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 […]

New report highlights economic benefits of Gevo’s SAF facility

August 14, 2024 | Jim Kendrick

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 […]

Gevo hits new RNG production record in May of 402,000 MMBtu

July 17, 2024 | Meghan Sapp

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 […]

Gevo and ClearFlame Engine Technologies team up to authenticate biofuels’ CI

May 7, 2024 | Meghan Sapp

In Colorado, Gevo, Inc. along with its wholly owned subsidiary, Verity Holdings, LLC, and ClearFlame Engine Technologies, Inc., announced a collaboration to drive decarbonization traceability from field-to-fleet for the road freight transportation market in the United States, which consumes an estimated 29 billion gallons of fuel every year. Under this collaboration, the parties intend to […]

Gevo says Net-Zero 1 project in diligence phase of DOE Loan Guarantee Program

January 24, 2024 | Meghan Sapp

In Colorado, Gevo said its Net-Zero 1 project is in the diligence phase of the US Department of Energy (DOE) Loan Guarantee Program to secure construction funding. The engineering for the project is substantially complete and is in the value engineering phase in preparation for finalizing the fully installed contracted price. Long-lead equipment is already […]

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