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, Inc. (NASDAQ: GEVO) announces a major milestone as part of the oneworld® Alliance, with a member signing a take-or-pay contract for 30 million gallons per year of sustainable aviation fuel (SAF), estimated to be worth up to $800 million over the contract's life. The SAF will be supplied to member airlines including American Airlines and British Airways, beginning in 2027. This contract underscores Gevo's commitment to producing low-carbon fuels and supporting the aviation industry's decarbonization goals.
Gevo, Inc. (NASDAQ: GEVO) announced its Q4 2021 financial results, reporting revenue of $0.1 million, down from $0.5 million in Q4 2020. The company posted a net loss of $16.5 million, an improvement from a $18.1 million loss the previous year. Gevo has initiated operations at its renewable natural gas facilities and expects to generate revenues from biogas and carbon credits by mid-2022. The company's Net-Zero 1 Project is progressing, with construction targeted to begin in 2023, aiming for operational status in 2025 and an estimated EBITDA of $150-200 million annually.
Gevo has initiated its dairy-manure-based renewable natural gas (RNG) project in Iowa, expected to generate annual distributions between $9 million and $16 million. The project aims to produce approximately 355,000 MMBtu of RNG per year, aligning with Gevo's sustainability goals. This RNG will be marketed in California, leveraging existing agreements with Clean Energy Fuels Corp. The project is anticipated to commence distributions in late 2022 or early 2023.
Gevo, Inc. (NASDAQ: GEVO) will hold a conference call on February 24, 2022, at 4:30 p.m. EST to disclose its financial results for Q4 2021 and share recent corporate updates. The call can be accessed by dialing (833) 729-4776 within the U.S., using access code 3465026#. A replay will be available two hours post-call. Gevo's mission focuses on transforming renewable energy and carbon into low-carbon fuels and sustainable plastics, aiming to compete in a growing market for low-carbon solutions.
Gevo, Inc. (NASDAQ:GEVO) has appointed David George as Senior Vice President, Verity Tracking. With over 20 years in technical and commercial leadership, George previously worked at Xpansiv, Inc. and Gem, Inc., focusing on blockchain technology. He will lead the launch of Verity Tracking, a blockchain platform aimed at tracking sustainability and carbon accounting. This initiative is expected to enhance sustainability assurance in the market. CEO Dr. Paul Bloom expressed confidence in George's expertise to drive the project and collaborate with Blocksize Capital on carbon tracking objectives.
Gevo, Inc. (NASDAQ:GEVO) has appointed Staci Bogue-Buchholz as Site and Process Optimization Leader at its Luverne, Minnesota facility. With over 20 years of experience in plant management and engineering, Bogue-Buchholz previously worked for VBTC Holdings and Archer-Daniels-Midland Company. Her expertise is expected to enhance Gevo's operational efficiency and strategic initiatives. Gevo aims to revolutionize renewable energy into low-carbon liquid hydrocarbons for sustainable fuels, with ongoing developments in renewable electricity and natural gas for production.
Gevo, Inc. (NASDAQ:GEVO) announced the hiring of Lisa Walker as Assistant General Counsel, bringing over 25 years of extensive legal experience in commercial contracts and risk assessment. Previously, she worked at Kinder Morgan as a Commercial Transactions Attorney. Walker aims to enhance Gevo's legal team by managing commercial transactions. Gevo focuses on transforming renewable energy into low-carbon liquid hydrocarbons, providing sustainable fuels and products that could achieve net-zero greenhouse gas emissions. This strategic hire is expected to strengthen Gevo's operations and market position.
Gevo, Inc. (NASDAQ:GEVO) announced that CEO Dr. Patrick Gruber will participate in a Water Tower Research Fireside Chat on December 16, 2021, at 4:00 pm EST. The discussion will cover key recent events and provide a business overview. Interested participants must register, as live attendance is limited, but the event will be accessible for replay afterward. Gevo focuses on transforming renewable energy into low-carbon transportation fuels and sustainable plastics, boasting technology that reduces greenhouse gas emissions compared to fossil fuels.
Gevo, Inc. (NASDAQ: GEVO) has partnered with Kolmar Americas Inc. to establish a renewable fuel supply agreement valued at up to US$2.4 billion over eight years. This contract involves the supply of 45 million gallons per year of renewable hydrocarbons, including sustainable aviation fuel and isooctane, from Gevo's upcoming Net-Zero 2 production facility. The agreement could generate approximately US$300 million in annual gross revenue, with total revenues from Net-Zero 2 reaching about US$2.8 billion over the contract's duration.
Gevo, a leader in renewable energy solutions, announces the appointment of Alisher Nurmat as the new VP/Controller. With over 30 years of experience in accounting and finance, including previous roles in publicly-held companies, Nurmat aims to enhance Gevo's financial operations during a phase of growth. Gevo is committed to transforming renewable resources into low-carbon fuels and plastics, leveraging patented technology for competitive market returns. Forward-looking statements caution investors about the inherent risks and uncertainties.