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 […]
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 […]
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 […]
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 […]
