Gevo, Inc. - GEVO STOCK NEWS

Gevo, Inc. (NASDAQ: GEVO) reported first-quarter 2022 financial results, posting revenue of $0.2 million, up from $0.1 million in Q1 2021. The net loss was $(15.7) million, a rise from $(10.1) million year-over-year. Operating loss was $(16.0) million compared to $(9.9) million in the same period last year. Gevo continues to advance its Net-Zero 1 project in South Dakota and aims to establish multiple Net-Zero plants. Recent agreements include supplying sustainable aviation fuel to British Airways and Delta Air Lines, along with progress in their dairy RNG facility in Iowa.

Gevo, Inc. (NASDAQ: GEVO) announced a conference call on May 9, 2022, at 4:30 p.m. EDT to discuss its financial results for Q1 2022, ending March 31. Participants can join via a call or through a live webcast. The call will cover recent corporate highlights and financial performance. A replay will be available shortly after the call ends. Gevo focuses on transforming renewable energy into low-carbon liquid hydrocarbons for transportation and sustainable plastic production, aiming for net-zero greenhouse gas emissions across the product lifecycle.

Gevo commends the Biden Administration for initiatives promoting sustainable aviation fuel (SAF), aiming to boost production to 3 billion gallons per year by 2030. The plan includes $4.3 billion in funding and enhanced research for 30% improvement in aircraft fuel efficiency. Recently, Gevo secured agreements with Delta Airlines for 75 million gallons of SAF annually, highlighting strong market demand. The company's innovative production processes utilize renewable feedstocks and aim for net-zero carbon intensity, appealing to environmentally conscious consumers.

Gevo (NASDAQ: GEVO) and Farmers Edge (TSX: FDGE) have signed a memorandum of understanding to create a carbon inset management program. This initiative targets sustainable development and carbon lifecycle tracking for renewable fuel production. By combining Farmers Edge’s precise datasets with Gevo's Verity Tracking platform, they aim to measure carbon intensity scores for corn and soy used in sustainable aviation fuel. This partnership seeks to help the transportation industry lower its carbon footprint and enhance transparency for eco-conscious consumers.

Gevo, Inc. has entered into a $2.8 billion 'take-or-pay' agreement with Delta Air Lines to supply 75 million gallons of sustainable aviation fuel (SAF) annually for the next seven years. This agreement enhances Delta's commitment to SAF and replaces a previous accord for 10 million gallons per year. Gevo anticipates that this deal will generate substantial revenue, bolstering their production capabilities starting in 2025. The agreement is contingent upon developing production facilities for SAF.

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.