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An announcement from Gevo ( (GEVO) ) is now available.
On January 31, 2025, Gevo, Inc. completed the acquisition of Red Trail Energy, LLC’s assets, including an ethanol production plant and carbon capture and sequestration assets, for $210 million. This strategic acquisition, which is part of Gevo’s Net-Zero North initiative, aims to enhance Gevo’s portfolio by transforming the acquired site into a sustainable aviation fuel facility and leveraging the carbon sequestration capabilities to support future projects. The transaction was financed through a combination of Gevo’s equity and a $105 million term loan from Orion Infrastructure Capital, which also invested $5 million in equity at Net-Zero North.
More about Gevo
Gevo, Inc. is a diversified energy company focused on developing renewable hydrocarbon fuels and chemicals with net-zero greenhouse gas emissions. Its operations include producing sustainable aviation fuel, motor fuels, and chemicals, while also emphasizing carbon capture and sequestration. The company is committed to revitalizing rural communities through its innovative technology and operates various production facilities, including a dairy-based renewable natural gas plant and an ethanol plant with adjacent carbon capture facilities.
YTD Price Performance: -24.14%
Average Trading Volume: 7,073,129
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $421.4M
Learn more about GEVO stock on TipRanks’ Stock Analysis page.
