Gevo, Inc. reports developments across renewable fuels, chemicals and carbon management. Company news commonly covers financial results, low-carbon ethanol operations at Gevo North Dakota, carbon capture and sequestration infrastructure, a Class VI carbon-storage well, and the company’s dairy-based renewable natural gas facility.
Updates also address Gevo’s Alcohol-to-Jet platform for synthetic aviation fuel, proprietary technology for converting bio-based feedstocks into hydrocarbons and chemicals, specialty racing fuel blendstocks, project financing activity, licensing and franchise-development strategy, and executive or governance changes tied to its renewable-fuels growth plans.
Gevo (GEVO) will host a conference call on November 10, 2026, to report its third-quarter financial results. The call begins at 4:30 p.m. ET and covers the quarter ended September 30. A webcast replay will be available after the call in the Investor Relations section of Gevo's website.
Gevo (NASDAQ: GEVO) announced the appointment of K’Lynne Johnson to its Board of Directors, effective November 4, 2026.
Johnson brings more than three decades of executive leadership experience across sustainable technologies, research and development, and manufacturing operations. She founded Elevance Renewable Sciences and formerly served as its president and chief executive officer. Earlier roles included senior leadership positions at BP Innovene, BP Chemicals and Amoco. She currently serves on the boards of FMC, Trinseo, J.M. Huber and BlueScope Steel, and is independent board chair of DMC Biotechnologies.
Gevo (GEVO) expects its carbon business to generate over $50 million in 2026 revenue, independent of federal tax incentives. Third-quarter sales of essentially all banked Canadian Clean Fuel Regulation credits unlocked approximately $20 million from previously delivered volumes. Excluding those credits, Gevo expects annual carbon revenue of $30 million at current production rates and market conditions. It also sold $70 million worth of 2026 Section 45Z tax credits.
A GND upgrade targeting 10–15% more ethanol capacity and carbon capture is on track for commissioning ahead of schedule in the fourth quarter of 2026. A larger expansion is anticipated to reach a final investment decision that quarter, with completion expected in 2028. It would bring ethanol production to 150 million gallons annually. Gevo believes associated revenues could approximately double, subject to expansion performance, market conditions and carbon monetization pathways.
Gevo (NASDAQ: GEVO) announced its first multi-year carbon removal credit supply agreement, a three-year arrangement with carbon management platform CEEZER. The contract covers a five-figure volume of tons of carbon dioxide removal credits through 2029. CEEZER will procure and manage the removal portfolio for a global Fortune 500 enterprise software company.
The credits will come from Gevo North Dakota, which captures carbon dioxide from ethanol production and stores it underground. The project stores fermentation carbon dioxide more than a mile beneath the plant, with permanence exceeding 1,000 years and no pipeline needed. Gevo says the agreement supports its path toward a carbon business exceeding $30 million in annual revenue from existing operations. That figure describes the broader carbon business opportunity, not the value of this contract.
Gevo (NASDAQ: GEVO) completed the sale and delivery of 10,000 carbon dioxide removal credits through ClimeFi to an ultimate corporate buyer. ClimeFi sourced the credits and facilitated their transfer to support the buyer’s carbon management strategy.
The credits come from Gevo North Dakota, where carbon dioxide from ethanol production is captured and permanently stored underground. Since carbon capture operations began, the facility has generated more than 700,000 tons of carbon dioxide removal. Gevo sees the transaction as supporting a path toward a carbon business exceeding $30 million in annual revenue from existing operations; that figure is not reported current revenue.
Gevo (GEVO) has sold substantially all its 2026 Section 45Z tax credits, totaling $70 million worth of credits. These credits came from its ethanol and renewable natural gas facilities. Gevo received over $30 million in cash through September 30 and expects the remainder over the next six months.
The sales include $50 million worth of credits sold September 30 to a non-financial, publicly traded company and $20 million previously sold to Quill Financial. Gevo forecasts over $77 million worth of credits for 2027, including an expected additional $7 to $10 million from North Dakota production improvements. The work remains on track for completion by year-end 2026 and is expected to increase production capacity and associated carbon capture by 10–15%.
Gevo (GEVO) and Praj Industries signed a Development & Commercialization Agreement for Bio-Isobutanol (Bio-IBA) technology in India on Sept. 16, 2026.
Under the agreement, Praj will lead commercialization and hold exclusive rights to deploy Gevo’s Bio-IBA technology in India, initially targeting diesel blending to reduce the carbon intensity of one of the country’s largest fuel segments. The collaboration builds on more than a decade of joint work adapting Bio-IBA to Indian sugar- and starch-based feedstocks.
Praj is also establishing India’s first commercial Bio-IBA demonstration plant for a leading Oil Marketing Company, designed, engineered, supplied and erected using Gevo’s licensed technology. The plant is expected to validate production, supply-chain and market-development pathways supporting future commercial projects.
India consumed about 94.7 million tonnes (29.7 billion US gallons) of high-speed diesel in FY2025-26, and multiple industry stakeholders are pursuing Bio-IBA-based diesel blending solutions.
Gevo (GEVO) reported progress on its debottlenecking program at the Gevo North Dakota (GND) plant, highlighted by early commissioning of a new CO₂ beer degassing system that will capture and sequester more carbon dioxide.
The overall debottlenecking initiative is expected to increase GND output and returns by 10–15% as the site advances toward a targeted production capacity of about 75 million gallons per year. Key upgrades include a third liquefaction tank, a fifth fermenter, and the degassing system. Construction for the liquefaction and fermentation assets is on schedule, with both expected to be operational by the end of 2026.
GND also completed commissioning of a steam turbine project in August, which reduces energy consumption and purchased electricity.
Gevo (NASDAQ:GEVO) expanded executive leadership responsibilities to support its growth strategy, including commercial execution and development of Gevo North Dakota. Effective August 20, Greg Hanselman became Chief Operating Officer, Kyle James became Chief Commercial and Risk Officer, and Dave Kettner assumed the role of Chief Legal and Emerging Business Officer while remaining General Counsel.
According to Gevo, these changes are intended to drive near-term Adjusted EBITDA growth from Gevo North Dakota and existing assets, and support longer-term expansion in low-carbon ethanol, carbon management and advanced biofuels, including sustainable aviation fuel, under an outlook of more than $60 million in Adjusted EBITDA in 2026.
Gevo (NASDAQ: GEVO) reported second quarter 2026 revenue of $46.5 million, up from $43.4 million a year earlier, and second quarter non-GAAP Adjusted EBITDA of $11 million. According to Gevo, GAAP net loss attributable to the company was $(176.9) million, or $(0.75) per share, driven largely by a one-time, non-cash impairment charge of $176 million tied to exiting the ATJ-60 and other non-core projects.
Gevo raised its full-year 2026 non-GAAP Adjusted EBITDA outlook to more than $60 million, over double its prior $30 million target, supported by approval of a new Canada Clean Fuel Regulation pathway and targeted monetization of more than $70 million in Section 45Z clean fuel production tax credits. The company expects substantial operating cash flow in the second half of 2026 and is prioritizing growth at Gevo North Dakota, including debottlenecking to increase low-carbon ethanol output by 10–15% and planning an expansion to about 150 million gallons per year with associated carbon capture and sequestration.