Gevo Secures $1.46 Billion Loan for Net-Zero Plant

Gevo ( (GEVO) ) has provided an update.

Gevo, Inc. has secured a $1.46 billion conditional loan commitment from the U.S. Department of Energy for its Net-Zero 1 sustainable aviation fuel plant in South Dakota. The plant aims to produce 60 million gallons of sustainable fuel annually using U.S.-sourced feedstocks, targeting a net-zero carbon footprint. This milestone is expected to boost the local economy, create jobs, and accelerate the commercialization of sustainable aviation fuels, offering high returns to equity investors.

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