Gevo Inc（GEVO）资讯与事件GEVOGevo Inc

Gevo Signs Three-Year Agreement with Ceezer for CDR Credits

Gevo announced a three-year agreement with Ceezer for the sale of CDR credits generated at Gevo's North Dakota carbon capture and sequestration project. This first multi-year agreement for Gevo supports its path toward a carbon business exceeding $30M in annual revenue from existing operations. The agreement of a five-figure volume of tons of contracted CDRs through 2029 expands Gevo's growing portfolio of contracted carbon removal credit sales. Gevo believes this transaction further validates both the market demand for high-quality, durable carbon removals generated through BECCS as well as a broader move among corporate buyers from one-off purchases towards multi-year offtakes that secure supply, price and quality for high-durability removals.

Gevo Sells 2026 Section 45Z Tax Credits Worth $70M

Gevo announced sales of substantially all of the Section 45Z tax credits generated by its ethanol and renewable natural gas, RNG, facilities in 2026, totaling $70M worth of credits. Gevo has received over $30M in cash from these credit sales through September 30 and expects the remaining cash to be received over the next six months. "We have successfully sold our expected 2026 45Z tax credit position while broadening participation beyond financial institutions to also include strategic corporate buyers," said Gevo Chief Executive Officer Paul Bloom. "By efficiently monetizing the value generated through our low-carbon fuel operations, we are increasing cash on the balance sheet, enhancing financial flexibility and creating additional value for shareholders."

Gevo Reports Progress on Debottlenecking Initiative at North Dakota Facility

Gevo announced continued progress on the debottlenecking initiative at its Gevo North Dakota facility in Richardton, North Dakota, including the successful commissioning of a new beer degassing system ahead of schedule which will capture and sequester more CO2. The debottlenecking will result in a 10%-15% increase in GND output and returns and closely follows the successful commissioning of a steam turbine project in August. The company said, "The debottlenecking program is designed to enhance operating efficiency and increase production capacity at GND as the facility advances toward its targeted production capacity of approximately 75 million gallons per year. The project includes three primary upgrades:Addition of a third liquefaction tank to expand capacity and improve the yield of corn starch to sugars. Addition of a fifth fermenter to increase fermentation residence time to enable the production of more ethanol and CO2. Installation of a beer degassing system to capture and sequester additional CO2 from the ethanol process. The CO2 beer degassing system is currently being commissioned, several weeks earlier than originally planned. This equipment will enable GND to increase CO2 recovery, unlock distillation capacity, and lower the facility CI score. Construction and installation activities associated with liquefaction and fermentation continue to progress on schedule and both assets are expected to be operational by the end of 2026. GND also recently completed the commissioning of a steam turbine project. The project lowers the plant energy consumption by optimizing the steam usage inside the plant while lowering the amount of purchased electricity. This project was already started prior to Gevo's acquisition of the facility and was successfully integrated into plant operations in August. The steam turbine and debottlenecking project are both examples of Gevo's ability to unlock process capacity while operating safely and efficiently. These projects are laying the groundwork for the planned 75Mgpy expansion of GND which is anticipated to approximately double the output and returns from GND and is expected to be completed in 2028."