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) delivers innovative solutions for sustainable fuels and chemicals through advanced bioengineering. This news hub provides investors and industry stakeholders with essential updates on the company’s progress in renewable energy markets.
Access verified press releases and financial announcements covering Gevo’s sustainable aviation fuel (SAF) developments, production facility expansions, and strategic partnerships. Our curated collection includes earnings reports, technology patents, and sustainability initiatives that demonstrate Gevo’s commitment to reducing carbon intensity across energy systems.
Key updates focus on renewable natural gas projects, isobutanol production milestones, and agricultural feedstock innovations. Stay informed about operational developments through primary source materials while tracking Gevo’s progress in commercializing low-carbon fuel alternatives.
Bookmark this page for direct access to Gevo’s official communications, ensuring you never miss critical updates about this leader in renewable hydrocarbons. Check regularly for new announcements that could impact market positioning in the evolving clean energy sector.
Gevo, Inc. (NASDAQ: GEVO) announced significant business initiatives for 2021, focusing on renewable energy production through its Net-Zero Projects. The company is developing Net-Zero 1 in South Dakota, aiming to produce 45MGPY of low-carbon liquid hydrocarbons, alongside high-protein animal feed. Gevo secured $321.7 million from a recent stock offering, boosting its cash to $535 million with negligible debt. The capital cost for Net-Zero 1 is projected between $700-$800 million. Gevo also plans additional contracts and strategic partnerships to support future projects.
Gevo, Inc. (Nasdaq: GEVO) has completed a registered direct offering of 43,750,000 shares at $8.00 each, resulting in net proceeds of approximately $321.7 million. The funds will be allocated towards capital projects, working capital, and corporate purposes. H.C. Wainwright & Co. acted as the exclusive placement agent, while Citigroup served as the capital markets advisor. The shares were issued under an effective registration statement with the SEC, and further details can be accessed via their website.
Gevo, Inc. (NASDAQ: GEVO) will host a live webcast fireside chat with CEO Dr. Patrick Gruber on January 25, 2021, at 3:00 pm EST. The discussion will explore Net-Zero Projects, which focus on producing energy-dense liquid hydrocarbons through renewable energy sources. These projects aim to achieve net-zero greenhouse gas emissions across the lifecycle of the liquid fuel. Interested participants can register for the event via a provided link, with limited live attendance and a replay option available post-event.
Gevo announced a registered direct offering of 43,750,000 shares of common stock at $8.00 per share, expected to close on January 22, 2021. The offering will generate approximately $350 million in gross proceeds, which Gevo intends to use for capital projects, working capital, and general corporate purposes. H.C. Wainwright & Co. is the exclusive placement agent, while Citigroup acts as a capital markets advisor. The offering is made under an automatic shelf registration statement filed with the SEC on January 19, 2021.
Gevo, Inc. (NASDAQ: GEVO) announced that Frances H. Arnold, Co-Founder and Nobel-Prize recipient, has been appointed to President-Elect Joe Biden’s Science Team. This team aims to leverage scientific advancements to tackle significant global challenges, including climate change. CEO Patrick R. Gruber highlighted the importance of Arnold’s work in developing crucial enzymes for Gevo’s technology, which transforms renewable energy into low carbon transportation fuels. Gevo's mission focuses on creating sustainable alternatives to reduce greenhouse gas emissions.
Gevo, Inc. (NASDAQ: GEVO) announced that Dr. Patrick Gruber, CEO, will join the Water Tower Research Fireside Chat on January 21, 2021, at 3:00 PM EST. The discussion will focus on Net-Zero Projects, which aim to produce energy-dense liquid hydrocarbons using renewable energy sources and Gevo's proprietary technology. This approach could achieve net-zero greenhouse gas emissions throughout the lifecycle of the fuel. Registration for the live event is limited, but a replay will be available post-event.
Gevo, Inc. (NASDAQ: GEVO) has successfully paid off its entire outstanding balance of $12.7 million related to its convertible senior secured notes issued to Whitebox Advisors LLC. The note holders converted the principal amount into 5,672,654 shares of common stock, reducing Gevo's secured debt balance to zero and saving the company $12.7 million in cash. This marks a strengthened balance sheet for Gevo, as noted by CFO Lynn Smull, highlighting the company's improved financial position.
Gevo, Inc. (NASDAQ: GEVO) announced the engagement of Koch Project Solutions, LLC for front-end engineering, design, and project execution management related to their expansion projects, which are being financed by Citigroup Global Markets. This partnership aims to accelerate the development of low-carbon hydrocarbons derived from renewable resources. The CEO emphasizes the goal of significantly reducing tailpipe emissions. Gevo's proprietary technology allows the production of liquid transportation fuels with zero carbon emissions potential, responding to the growing demand for sustainable alternatives.
Gevo has optioned the right to purchase approximately 239 acres of land near Lake Preston, SD, fulfilling initial milestones for a contract with Trafigura Trading LLC. The planned production facility aims to produce around 45 million gallons annually of jet fuel and renewable gasoline products. CEO Patrick R. Gruber highlighted the site's potential for large-scale production and future expansion. A decision on purchasing the site will be made later, contingent on financing. This development aligns with Gevo’s commitment to providing low-carbon renewable fuels.
