Gevo looking at all options to secure enough financing to move forward

May 31, 2016 |

In Colorado, Gevo has hired Cowen & Company to advise on securing the development capital required to get to commercial viability, with all options from sale to joint venture to private placements or whatever it takes to get the company on solid footing. In a March 12 SEC filing, the company made a “going concern” statement about the business’s capacity to continue considering its $8.6 million in cash and $343 million deficit as of its most recent quarter. Gevo is working hard to get the cost of production for isobutanol down to $3 per gallon from the current $3.50.

Gevo: The Digest’s 2015 5 Minute Guide

Print Friendly, PDF & Email

Tags: , ,

Category: Producer News

Thank you for visting the Digest.