Welcome to our dedicated page for Gevo news (Ticker: GEVO), a resource for investors and traders seeking the latest updates and insights on Gevo stock.
Gevo, Inc. (NASDAQ: GEVO) is a pioneering company in the renewable chemicals and advanced biofuels industry. Gevo is focused on developing biobased alternatives to petroleum-based products through a blend of synthetic biology and chemistry. The company's core product is isobutanol, a versatile platform chemical used in the liquid fuels and petrochemical markets.
One of Gevo's key innovations is its ability to produce isobutanol from renewable resources. This bio-based isobutanol can be used as a solvent, a gasoline blendstock, and can be converted into jet fuel, feedstocks for synthetic rubber, plastics, and polyesters. Gevo's proprietary technology is designed to retrofit existing ethanol plants, making the transition to bio-based production smoother and more cost-effective.
Gevo operates through several segments: the Gevo segment, focused on research and development; the Renewable Natural Gas (RNG) Segment; the Net-Zero Segment, and the Agri-Energy Segment. These segments are involved in various activities including the production of sustainable aviation fuel (SAF), the commercialization of renewable hydrocarbon products, and the development of biocatalysts.
Recent corporate highlights include the completion of Front End Engineering Design (FEED) for the Net-Zero 1 (NZ1) plant and progress on detailed engineering and term sheet negotiations for a U.S. Department of Energy loan guarantee. Gevo has also expanded its Iowa dairy manure RNG project, capturing methane emissions from dairy farms to produce RNG. This project now boasts a production capacity of 400,000 MMBtu per year.
In addition to its renewable fuel initiatives, Gevo has developed Verity Carbon Solutions, a carbon tracking application for farmers. This tool helps farmers visualize data related to corn production, enabling better decision-making to improve production and reduce carbon footprints.
Gevo’s Ethanol-to-Olefins (ETO) technology has also seen advancements, with its first licensing payment from LG Chem. This technology converts ethanol into olefins, essential for making chemicals, plastics, and fuels.
Financially, Gevo has shown resilience and growth. For Q3 2023, it reported a significant increase in operating revenue, primarily driven by sales from its RNG project. The company continues to manage its project development costs effectively while engaging in strategic partnerships and innovations to remain at the forefront of the renewable energy sector.
Gevo, Inc. (NASDAQ: GEVO) and Total Cray Valley have successfully completed Phase 1 of their Joint Development Agreement to convert fusel oils into renewable isoamylene. This advancement could lead to an innovative method for producing high-value renewable chemicals from bio-based feedstock. The companies are now preparing to move to Phase 2, focusing on scaling Gevo's technology for demonstration purposes. Isoamylene has multiple applications, including in resins and pharmaceuticals. The collaboration aims to meet growing market demand while contributing to environmental goals by sequestering CO2.
Gevo, Inc. (NASDAQ: GEVO) has announced the groundbreaking of its Renewable Natural Gas (RNG) Project in Northwest Iowa. This initiative aims to produce RNG from dairy cow manure, expected to generate about 355,000 MMBtu annually upon completion in 2022. The project aligns with Gevo's Net-Zero strategy, significantly reducing methane emissions. The remaining solids will be returned to farmers as fertilizer, enhancing agricultural practices. Gevo's mission focuses on sustainable liquid hydrocarbons and low-carbon fuels, contributing to a potential multi-billion-dollar market.
Gevo, Inc. (NASDAQ: GEVO) will host a conference call on May 13, 2021 at 4:30 p.m. EDT to discuss its financial results for Q1 2021 and recent corporate highlights. Participants can join by dialing 1 (833) 729-4776 or accessing it via a provided weblink. A replay will be available two hours post-call. Gevo focuses on producing low-carbon renewable fuels and hydrocarbons, leveraging patented technology to develop sustainable energy products. Its mission is to achieve net-zero greenhouse gas emissions across fuel life cycles.
Gevo has secured $68.15 million through a Green Bond private activity bond offering to fund its renewable natural gas (RNG) project in Northwest Iowa. The project will utilize manure from over 20,000 dairy cows to generate approximately 355,000 MMBtu of RNG annually. Revenue will benefit from California’s Low Carbon Fuel Standard and the EPA’s Renewable Identification Number programs. Construction is set to begin by the end of April 2021, with cash flows projected between $9 million and $16 million per year once operational in early 2022.
Gevo, Inc. (NASDAQ: GEVO) will participate in a Water Tower Research Fireside Chat on April 07, 2021, at 4:00 pm EDT, featuring Dr. Patrick Gruber and Dr. Paul Bloom. The discussion will focus on Gevo's innovative technology and introduce Dr. Bloom. Interested participants can register for the live event, which is limited, but the presentation will also be available for replay afterwards. Gevo aims to transform renewable resources into low-carbon fuels with potential net-zero greenhouse gas emissions. The company's technology also supports sustainable plastics production.
Gevo, Inc. (NASDAQ: GEVO) has appointed Dr. Paul Bloom as Chief Technology Officer and Chief Innovation Officer. Dr. Bloom brings over 20 years of experience from Archer Daniels Midland Company, where he held roles in sustainable materials and technology commercialization. CEO Dr. Patrick R. Gruber expressed optimism about Dr. Bloom's expertise in developing renewable chemicals and materials. Gevo aims to produce low-carbon fuels and sustainable plastics, leveraging its patented technology to create a significant market presence and reduce greenhouse gas emissions.
Gevo, Inc. (NASDAQ: GEVO) reported its fourth-quarter 2020 financial results. Revenue dropped to $0.5 million from $6.9 million in Q4 2019, attributed to the cessation of ethanol production at the Luverne Facility. The company disclosed a loss from operations of ($7.0) million and a net loss of ($18.1) million for the quarter. Despite these losses, Gevo emphasizes the progress of its Net-Zero 1 Project in South Dakota, targeting a net-zero greenhouse gas footprint. It ended the quarter with $78.3 million in cash and no significant debt, with plans to finalize financing for Net-Zero 1 in H1 2022.
Gevo, Inc. (NASDAQ: GEVO) announced a Water Tower Research Fireside Chat featuring CEO Dr. Patrick Gruber and CFO Lynn Smull on March 18, 2021, at 2:30 pm EST. The discussion will focus on Gevo's business updates, particularly its financing strategies. Interested participants must register for the live event, which also offers replay access post-event. Gevo aims to revolutionize renewable energy and aims to produce low-carbon fuels and plastics with reduced greenhouse gas emissions, leveraging patented technology for sustainable feedstocks.
Gevo, Inc. (NASDAQ: GEVO) has rescheduled its fourth quarter 2020 financial results release to March 17, 2021, at 4:30 p.m. EST. The original date was March 18, 2021. Investors can participate in the conference call by dialing (833) 729-4776 or (830) 213-7701 with access code 3178466#. A replay will be available two hours after the call ends, accessible through Gevo's website. Gevo is focused on transforming renewable energy into energy-dense hydrocarbons, aiming for low-carbon liquid fuels and sustainable plastics.
Gevo (NASDAQ: GEVO) has signed a memorandum of understanding (MOU) with HCS Group to establish a renewable hydrocarbon facility in Speyer, Germany. This project aims to produce about 60 kMT (approximately 22 million gallons) of low-carbon sustainable aviation fuel (SAF) annually by the end of 2024. The facility will leverage HCS Group's existing infrastructure to expedite market entry and fulfill sustainability goals. Both companies seek to drive the SAF market in Europe, marking a significant collaboration to reduce greenhouse gas emissions.
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