In Colorado, Gevo has entered into a side agreement with Axens North America, Inc. in connection with a Master Framework Agreement for Ethanol to Jet Collaboration, dated September 22, 2021. The new agreement modifies the exclusivity provisions contained in the MFA. The parties carved-out exceptions to the Exclusive Territory in certain areas of the Midwest […]
In Colorado, Gevo, Inc. and LG Chem, Ltd. have entered into a joint development agreement to develop bio-propylene for renewable chemicals using Gevo’s Ethanol-to-Olefins (ETO) technology. Gevo’s proprietary ETO technology can target carbon neutral or carbon negative drop-in replacements for traditional petroleum-based building blocks called olefins, including bio-propylene, that can be used for renewable chemicals […]
In Hawaii, Hawaiian Airlines has reached an agreement with biofuel company Gevo, Inc. to purchase 50 million gallons of sustainable aviation fuel (SAF) over five years. Gevo expects to supply the SAF from a facility to be constructed in the Midwestern United States and begin deliveries to Hawaiian’s gateway cities in California starting in 2029. […]
In Colorado, Gevo, Inc. has entered into a joint development agreement with Southwest Iowa Renewable Energy (SIRE) to measure, report and verify carbon intensity (CI) through the entire value chain, inclusive of climate-smart agriculture practices to lower the carbon footprint of SIRE’s product portfolio. Utilizing the Verity Tracking platform under Gevo’s newly created Verity Carbon […]
In South Dakota, the Globe newspaper reports that Gevo is set to sign onto the Summit Carbon Solutions planned carbon pipeline where it would connect its Net Zero 1 sustainable aviation fuel production facility in Lake Preston. The plant that will run on a combination of wind power and green hydrogen produced from water and […]
In South Dakota, following Gevo’s groundbreaking ceremony in September 2022, progress continues at the Lake Preston, South Dakota, Net-Zero location. FEED work is substantially complete and detailed engineering continues. Equipment procurement is expected to begin soon and detailed planning for this year’s construction ramp up has commenced. The project remains on schedule for a 2025 […]
In Colorado, Gevo now has approximately 375 million gallons per year of predominantly take-or-pay, financeable SAF and hydrocarbon fuel supply agreements, which are expected to support project debt financing. This level of demand would require multiple plants to be built over the next four years to satisfy those agreements. Based on current market projections and […]
In Washington state, Alaska Airlines has finalized an agreement with biofuel company Gevo Inc., to purchase its most significant sustainable aviation fuel (SAF) offtake commitment to date – 185 million gallons of SAF over five years starting in 2026. This agreement was developed alongside others in the oneworld alliance. In April 2021, Alaska announced the […]
In Ireland, Gevo, Inc announced a new fuel sales agreement with Aer Lingus, which is owned by International Airlines Group (IAG). The Agreement provides for Aer Lingus to purchase 6.3 million gallons per year of sustainable aviation fuel (SAF) for five years from Gevo’s future commercial operations. Aer Lingus expects to commence fueling its aircraft […]
In Colorado, on June 5, 2022, Gevo executed a registered direct offering of 33.3 million shares to certain institutional investors. That offering closed on June 8, 2022, and the net proceeds of $139.2 million combined with the company’s existing cash, cash equivalents, restricted cash and marketable securities provide the company with approximately $555.7 million of […]
