New Report Finds There are $4-6 in Benefits to the U.S. Economy for Every $1 of Federal SAF Incentives at Gevo’s Net-Zero 1 Facility
Gevo, Inc. (NASDAQ: GEVO) has released a new report by Charles River Associates highlighting the economic and environmental benefits of sustainable aviation fuel (SAF) production. The study focuses on Gevo's planned Net-Zero 1 (NZ1) alcohol-to-jet (ATJ) SAF facility in South Dakota. Key findings reveal that every $1 from federal tax credits for ATJ SAF yields $4-6 in total quantified benefits.
The report outlines significant advantages, including:
- $2/gallon value from reduced lifecycle GHG emissions
- $0.12/gallon in avoided health impacts
- $0.90/gallon value from climate-smart agriculture practices
- $116 million annual value added to the local economy
- 836 jobs created (100 at the plant, 736 locally)
- $23 million in annual federal tax revenue
The NZ1 facility is expected to bolster energy security, support local economies, and contribute to the aviation industry's net-zero goals.
Gevo, Inc. (NASDAQ: GEVO) ha pubblicato un nuovo rapporto di Charles River Associates che evidenzia i benefici economici e ambientali della produzione di carburante per aviazione sostenibile (SAF). Lo studio si concentra sul previsto impianto Net-Zero 1 (NZ1) di Gevo, che trasforma alcol in carburante per jet (ATJ) nel South Dakota. I risultati chiave rivelano che ogni $1 in crediti d'imposta federali per il SAF ATJ genera benefici quantificabili totali di $4-6.
Il rapporto delinea vantaggi significativi, tra cui:
- Valore di $2/gallone grazie alla riduzione delle emissioni di gas serra nel ciclo di vita
- $0.12/gallone in impatti sanitari evitati
- Valore di $0.90/gallone grazie a pratiche agricole intelligenti per il clima
- Valore aggiunto annuale di $116 milioni all'economia locale
- 836 posti di lavoro creati (100 presso l'impianto, 736 localmente)
- $23 milioni di entrate fiscali federali annuali
Si prevede che l'impianto NZ1 rafforzi la sicurezza energetica, supporti le economie locali e contribuisca agli obiettivi di emissioni nette zero dell'industria dell'aviazione.
Gevo, Inc. (NASDAQ: GEVO) ha lanzado un nuevo informe de Charles River Associates que destaca los beneficios económicos y medioambientales de la producción de combustible de aviación sostenible (SAF). El estudio se centra en la planta Net-Zero 1 (NZ1) de Gevo, que convierte alcohol en combustible para aviones (ATJ) en Dakota del Sur. Los hallazgos clave revelan que cada $1 en créditos fiscales federales para SAF ATJ genera $4-6 en beneficios total cuantificados.
El informe detalla ventajas significativas, que incluyen:
- Valor de $2/galón por reducción de las emisiones de gases de efecto invernadero a lo largo del ciclo de vida
- $0.12/galón en impactos en la salud evitados
- Valor de $0.90/galón gracias a prácticas agrícolas inteligentes ante el clima
- Valor añadido anual de $116 millones a la economía local
- 836 puestos de trabajo creados (100 en la planta, 736 localmente)
- $23 millones en ingresos fiscales federales anuales
Se espera que la planta NZ1 refuerce la seguridad energética, apoye las economías locales y contribuye a los objetivos de emisiones netas cero de la industria de la aviación.
Gevo, Inc. (NASDAQ: GEVO)는 지속 가능한 항공 연료(SAF) 생산의 경제적 및 환경적 이점을 강조하는 Charles River Associates의 새로운 보고서를 발표했습니다. 이 연구는 사우스다코타에 위치한 Gevo의 예정된 넷 제로 1(NZ1) 알콜-젯(ATJ) SAF 시설에 중점을 두고 있습니다. 주요 결과에 따르면 ATJ SAF에 대한 연방 세금 크레딧에서 발생하는 매 $1는 총 유량적 혜택으로 $4-6를 창출합니다.
보고서는 다음과 같은 중요한 이점을 설명합니다:
- 전 생애 주기 내 온실가스 배출 감소로 인한 $2/갤런 가치
- 피해를 예방한 것으로 인한 $0.12/갤런의 건강 영향을 회피
- 기후 친화적 농업 관행으로 인한 $0.90/갤런 가치
- 지역 경제에 연간 $1억 1600만의 가치 추가
- 836개의 일자리 창출(100개는 플랜트, 736개는 지역에서)
- 연간 $2300만의 연방 세수
NZ1 시설은 에너지 안보를 강화하고, 지역 경제를 지원하며, 항공 산업의 넷 제로 목표에 기여할 것으로 기대됩니다.
Gevo, Inc. (NASDAQ: GEVO) a publié un nouveau rapport de Charles River Associates mettant en évidence les avantages économiques et environnementaux de la production de carburant d'aviation durable (SAF). L'étude se concentre sur l'installation prévue Net-Zero 1 (NZ1) de Gevo, transformant l'alcool en carburant pour avion (ATJ) dans le Dakota du Sud. Les principales conclusions révèlent que chaque $1 de crédits d'impôt fédéraux pour le SAF ATJ génère des avantages total quantifiables de $4-6.
Le rapport décrit des avantages significatifs, notamment :
- Valeur de $2/gallon grâce à la réduction des émissions de GES sur l'ensemble du cycle de vie
- $0.12/gallon d'impacts sur la santé évités
- Valeur de $0.90/gallon grâce aux pratiques agricoles respectueuses du climat
- Valeur ajoutée annuelle de $116 millions à l'économie locale
- 836 emplois créés (100 à l'usine, 736 à l'échelle locale)
- $23 millions de recettes fiscales fédérales annuelles
L'installation NZ1 devrait renforcer la sécurité énergétique, soutenir les économies locales et contribuer aux objectifs de zéro émission nette de l'industrie de l'aviation.
Gevo, Inc. (NASDAQ: GEVO) hat einen neuen Bericht von Charles River Associates veröffentlicht, der die wirtschaftlichen und ökologischen Vorteile der Herstellung von nachhaltigem Flugkraftstoff (SAF) hervorhebt. Die Studie konzentriert sich auf die geplante Net-Zero 1 (NZ1) Alkohol-zu-Jet (ATJ) SAF-Anlage von Gevo in South Dakota. Wesentliche Ergebnisse zeigen, dass jeder $1 an bundesstaatlichen Steuergutschriften für ATJ SAF $4-6 an insgesamt quantifizierten Vorteilen generiert.
Der Bericht skizziert bedeutende Vorteile, darunter:
- $2/Gallon Wert durch reduzierte Lebenszyklus-Treibhausgasemissionen
- $0.12/Gallon an vermiedenen Gesundheitsfolgen
- $0.90/Gallon Wert von klimasmarten landwirtschaftlichen Praktiken
- $116 Millionen jährlicher Wert, der der lokalen Wirtschaft hinzugefügt wird
- 836 geschaffene Arbeitsplätze (100 in der Anlage, 736 lokal)
- $23 Millionen jährliche Einnahmen aus Bundessteuern
Die NZ1-Anlage soll die Energiesicherheit stärken, die lokalen Wirtschaften unterstützen und zu den Netto-Null-Zielen der Luftfahrtindustrie beitragen.
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Research by Charles River Associates (“CRA”) demonstrates clear economic and environmental benefits utilizing this business system
ENGLEWOOD, Colo., Aug. 09, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) today released a new report by Charles River Associates demonstrating the benefits of sustainable aviation fuel (“SAF”) production, including at Gevo’s planned Net-Zero 1 (“NZ1”) alcohol-to-jet (“ATJ”) SAF facility in South Dakota. CRA’s findings in the report show that every
“Practical, economical products like SAF provide our communities with clear benefits. We believe that not only will the sustainable jet fuel produced at NZ1 be cost-effective, but it will also help to lower emissions, create good-paying jobs, and bolster agricultural markets nationwide. It doesn’t have to be a tradeoff. This report shows that reducing greenhouse gas emissions in a business system like ours generates a payback for all of us, in addition to the project economics itself” said Lindsay Fitzgerald, Gevo’s Senior Vice President of Public Affairs. “The exciting benefits of NZ1 are not limited to South Dakota—Gevo has identified several potential sites in other states. We look forward to replicating these efforts in other localities and appreciate the continued collaboration with our federal partners to make this, and other facilities, a reality.”
The report prepared by CRA shows that NZ1 would be a game-changer for scaling SAF production and uplifting local communities. Facilitating significant carbon reductions in jet fuel is needed to meet industrywide net-zero goals and provide needed certainty to farmers. The report’s key findings include:
Energy and environmental benefits
- Avoided impacts valued at
$2 /gallon from reduced lifecycle GHG emissions by replacing fossil jet fuel with ATJ SAF; - Substituting fossil jet fuel with ATJ SAF generates a value of
$0.12 /gallon in avoided health impacts from reduced particulate matter emissions during flight; - Implementing climate-smart agriculture practices yields improved air and water quality, reduced GHG emissions, and more money in farmers’ pockets to grow crop feedstocks in place of conventional farming practices, valued at
$0.90 /gallon; and - Improved energy security by choosing a home-grown solution, resulting in domestic infrastructure and jobs expansion with continued agriculture partnership and distributing jet fuel production more broadly across the country.
Local economic benefits
- Provides
$116 million of value added annually to the local economy from direct, indirect, and induced impacts of NZ1’s expected operations; - Supports 100 jobs at the NZ1 plant and creates an additional 736 local jobs;
- Contributes incremental economic value that is returned to the federal government in the form of tax revenue, estimated at
$23 million annually or$0.38 /gallon of SAF annually; and - Adds the interim benefit of
$184 million in local economic value and supports 1,266 jobs during construction of NZ1.
To learn more about NZ1’s benefits, read the full report prepared by CRA here. Note that the report is based on certain assumptions and scenarios as laid out in the report. The foregoing description of the report does not purport to be complete and is subject to, and is qualified in its entirety by, the full text of such report.
About Gevo
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.
Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.
Learn more at Gevo’s website: www.gevo.com
Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters including, without limitation, the value of the federal tax credits, the jobs created by the NZ1 plant, the local impacts of the NZ1 plant, estimated tax revenue related to NZ1 and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.
PR Contact
Lindsay Fitzgerald
Senior Vice President of Public Affairs
PR@Gevo.com
IR Contact
Eric Frey
Vice President of Finance & Strategy
IR@Gevo.com
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FAQ
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