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Gevo Secures Conditional Commitment from U.S. Department of Energy for Net-Zero 1 Sustainable Aviation Fuel Plant

Oct 16, 2024•over 1 year ago

Contract Type

partnership

EnglewoodEnergyOil And GasRenewable Energy

Description

Gevo, Inc. has received a conditional commitment for a loan guarantee from the U.S. Department of Energy Loan Programs Office for its Net-Zero 1 project in South Dakota. The project is a first-ever large-scale alcohol-to-jet project and is expected to provide critical new opportunities for South Dakota workers, farmers, and residents.

Company Information

Company

Gevo

Location

Independence Ave Sw

Englewood, Colorado, United States

About

Gevo is a next-generation energy company focused on producing cost-effective, renewable fuels and chemicals that enhance energy security, reduce carbon emissions, and support rural economic growth. Using innovative technology, Gevo manufactures sustainable aviation fuel (SAF), motor fuels, and other renewable products. The company operates one of the largest dairy-based renewable natural gas facilities in the U.S., an ethanol plant with carbon capture, and the world’s first alcohol-to-jet fuel production facility. Through its Verity platform, Gevo ensures transparency and accountability in tracking sustainability attributes across the supply chain, aiming to drive economic and environmental value.

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Strategic partnership established

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