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, a renewable fuels company, announced key updates regarding its projects and leadership. The Board appointed Carol Battershell as a new independent director, bringing extensive energy sector experience. Significant progress on the Net-Zero 1 (NZ1) project in South Dakota continues, with engineering work nearly complete and construction planned for 2025. Gevo is negotiating an EPC agreement and is in discussions for equity funding. The company has submitted a loan guarantee application to the DOE. Additionally, Gevo is advancing its RNG project, expecting revenue from sales and credits by mid-2023. The company aims for a billion gallons of Net-Zero fuels annually.
Gevo, Inc. (NASDAQ: GEVO) announces the appointment of Carol J. Battershell to its Board of Directors. With nearly 40 years of experience in the energy sector, including leadership roles at the U.S. Department of Energy, her expertise will bolster Gevo's mission to produce sustainable aviation fuel. Dr. Patrick Gruber, Gevo's CEO, expressed excitement over her joining, highlighting the value of her industry knowledge. Battershell has also served in significant roles at BP and currently leads Battersea Energy LLC. The appointment is effective immediately.
Gevo reported its Q3 2022 financial results, revealing revenues of $0.3 million driven by renewables. The company ended the quarter with $500.4 million in cash and equivalents, down from $546.8 million in Q2. A significant loss of $(43.7) million included a $24.7 million impairment. Gevo's Net-Zero 1 facility in South Dakota is progressing, with an expected production of 62 million gallons per year by 2025. The projected EBITDA for NZ-1 has increased to $300 million per year, up from $200 million. However, total costs have risen to $850 million due to inflationary pressures.
Gevo, Inc. (NASDAQ: GEVO) has secured a fuel sales agreement with Iberia Airlines, providing 6 million gallons per year of sustainable aviation fuel (SAF) for five years, starting in 2028. The expected total value of the agreement is $165 million, which includes environmental benefits. Iberia Airlines aims for net-zero carbon emissions by 2050, and this deal supports their target of 10% SAF use by 2030. Gevo's mission is to produce one billion gallons of SAF by 2030, enhancing its global impact by expanding its airline partnerships.
Gevo, Inc. (NASDAQ: GEVO) has announced a new five-year agreement with Qatar Airways for the purchase of 5 million gallons of sustainable aviation fuel (SAF) annually, starting in 2028. This agreement supplements a prior memorandum of understanding with the oneworld Alliance, allowing for up to 200 million gallons of SAF purchases. Gevo aims to produce a billion gallons of SAF by 2030, focusing on sustainable farming and renewable energy to reduce emissions.
Gevo, Inc. (NASDAQ: GEVO) announced a conference call on November 8, 2022, at 4:30 p.m. EST to discuss its financial results for Q3 2022, ending September 30. Participants can register through provided links to receive dial-in details. A webcast replay will be accessible two hours post-call on Gevo's Investor Relations webpage. The company aims to transform renewable energy into low-carbon fuels, addressing market needs while reducing greenhouse gas emissions. Gevo believes its technology can significantly impact the low-carbon fuels market.
Gevo, a renewable fuels company, has updated its progress on sustainable aviation fuel (SAF) production. The company secured 375 million gallons per year of financeable SAF agreements, potentially generating $2.3 billion in annual sales. The recent Inflation Reduction Act is expected to benefit Gevo, providing up to $1.75 per gallon tax credits for net-zero carbon intensity SAF. The Net-Zero 1 project is anticipated to produce 55 MGPY of SAF, with Project EBITDA projected between $300-$325 million. Gevo also progresses in RNG production and received a tentative $30 million USDA grant.
Gevo, Inc. (NASDAQ: GEVO) announced that its Climate-Smart Farm to Flight proposal received funding approval from the U.S. Department of Agriculture, with a ceiling of up to $30 million. The initiative is part of the USDA's $2.8 billion funding opportunity aimed at promoting climate-smart commodities. This project will enhance low carbon-intensity corn production and increase sustainable aviation fuel creation, thereby reducing reliance on fossil fuels. Gevo will implement blockchain technology for carbon tracking from farm to airline sales, reflecting its commitment to sustainability.
Gevo, Inc. (NASDAQ: GEVO) has received EPA approval for its Northwest Iowa Renewable Natural Gas project, allowing it to participate in the Renewable Fuel Standard program. This early approval, ahead of the expected timeline, highlights the effectiveness of Gevo's operational and compliance teams. The project will generate approximately 355,000 MMBtu of renewable natural gas annually from dairy cow manure supplied by local farms. Gevo aims to reduce carbon intensity in fuels, striving for net-zero greenhouse gas emissions through renewable energy solutions.
