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

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 facilities. “These results show we have hit our stride from a production perspective, and I think we have room for further improvement too. The system is running well.”

On June 21, 2024, its RNG production experienced a slight disruption due to a severe flooding event that impacted the Rock Valley, Iowa community. As a result of its mitigation efforts, it still achieved monthly RNG production of 29,082 MMBtu in June inclusive of planned downtime for maintenance, and the system has returned to its normal operational state. The company does not expect this to materially impact the annual production target of approximately 400,000 MMBtu.

Gevo’s RNG is produced by capturing methane biogas from manure digestors across three dairy farms in northwest Iowa. The biogas is then delivered by pipeline to a centrally located gas upgrading unit where it is brought to pipeline-quality RNG and injected into the local gas pipeline.

Gevo is currently operating under a California Air Resources Board (“CARB”) temporary pathway, which provides the RNG produced with a carbon intensity score of -150 gCO2e/MJ. Gevo has applied for, and expects to receive, a permanent score of -350 gCO2e/MJ, the timing of which is uncertain but is believed to occur by the end of 2024. It is estimated that receipt of the permanent score will approximately double the stand-alone non-GAAP adjusted EBITDA currently generated by Gevo’s RNG business.