Gevo signs Master Services Agreement for Net-Zero 1

In Colorado, Gevo has entered into a Master Services Agreement (MSA) with a subsidiary of McDermott International, Ltd to provide front end engineering and early planning services for Gevo’s development of multiple sustainable aviation fuel facilities in North America. The first facility, Net-Zero 1, is expected to be located near Lake Preston, South Dakota. The Net-Zero 1 plant is expected to produce up to 65 million gallons of sustainable aviation fuel (SAF), diesel, renewable gasoline that, when consumed, is designed to have a lifecycle net-zero greenhouse gas footprint.

Under the scope of the MSA, McDermott will provide engineering, execution planning and pricing for the engineering, procurement, and construction (EPC) phase of Gevo’s Net-Zero 1 project. The MSA is expected to lead to a final EPC agreement with Gevo for its Net-Zero 1 project to be finalized in coordination with the timing of Gevo’s financing activities for its Net-Zero 1 project.