Gevo’s Net-Zero 1 project invited to next stage of $950M DOE loan guarantee

In Colorado, Gevo’s Net-Zero 1 ethanol-to-jet project has been invited by the U.S. Department of Energy to the due diligence and term sheet negotiation phase for a $950 million loan guarantee under the Title 17 Clean Energy Financing Program. The invitation was based on the DOE’s determination that Gevo’s Net-Zero 1 Project is highly qualified and suitable for a loan guarantee from the DOE.

This key milestone marks the successful completion of the phase II application and diligence process, which Gevo publicly announced on January 19, 2023. Most importantly, this milestone signifies the commencement of the underwriting phase for the debt financing process.