In Colorado, Gevo, Inc. has entered into a definitive agreement to sell Agri-Energy, LLC to A.E. Innovation, LLC for $7 million. The transaction includes Agri’s 18-million-gallon-per-year ethanol-production facility located in Luverne, Minnesota. Gevo will retain ownership of certain isobutanol-production-related assets and a portion of the vacant land at the site for future use. With these […]
In Colorado, Gevo, Inc. has entered into a definitive agreement to sell Agri-Energy, LLC to A.E. Innovation, LLC for $7 million. The transaction includes Agri’s 18-million-gallon-per-year ethanol-production facility located in Luverne, Minnesota. Gevo will retain ownership of certain isobutanol-production-related assets and a portion of the vacant land at the site for future use. With these […]
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 […]
In Colorado, Gevo, Inc. and Future Energy Global (FEG) have signed a pioneering offtake agreement for carbon abatement attributes, to enable airlines and other companies to reduce their CO2 emissions through Sustainable Aviation Fuel (SAF). Under the multi-year agreement, FEG will acquire from Gevo the Scope 1 and Scope 3 emissions credits from 10 million […]
In Colorado, Gevo, Inc. and Axens have formed a new strategic alliance to accelerate development and commercialization of sustainable aviation fuel (“SAF”) using the ethanol-to-jet (“ETJ”) pathway. The goal of the alliance is to leverage the most advantaged technologies, which we believe is Axens’ best-in-class and commercialized Jetanol™ technology. The alliance brings each partner’s complementary […]
In Colorado, Gevo, Inc. has acquired the ethanol production plant and carbon capture and sequestration assets of Red Trail Energy, LLC for an aggregate purchase price of $210 million, subject to customary adjustments, including a working capital adjustment. The acquired assets include the plant, pore space, and we are bringing on their experienced operational personnel. […]
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, […]
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 […]
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 […]
