Gevo, Inc.

Gevo Provides Business Update, Anticipates Carbon Business to Deliver Over $50 Million of Revenue in 2026

Gevo announced its carbon business is expected to deliver over $50 million of revenue in 2026, independent of federal incentives such as the Section 45Z Clean Fuel Production Credit. During Q3 2026 the company unlocked roughly $20 million of revenue by selling essentially all banked Canadian Clean Fuel Regulation credits, and expects a $30 million annual carbon revenue run-rate going forward. Gevo also sold $70 million of Section 45Z tax credits for 2026, substantially all it expects to generate from its RNG and low-carbon ethanol. The planned Gevo North Dakota expansion — FID expected in Q4 2026, completion in 2028 — would raise ethanol capacity to 150 million gallons per year, store over 400,000 tons of CO2 annually, and could approximately double revenues from the carbon business and other GND revenue streams.

•17d ago

Gevo Announces First Multi-Year Carbon Removal Credits Supply Agreement Through CEEZER

Gevo announced its first multi-year carbon removal credit supply agreement, a three-year deal with carbon management platform CEEZER for CDR credits from its Gevo North Dakota BECCS ethanol plant, contracted through 2029. CEEZER will procure and manage the removal portfolio on behalf of a global Fortune 500 enterprise software company, with the contract covering a five-figure volume of tons. Gevo says the agreement supports its path toward a carbon business exceeding $30 million in annual revenue from existing operations and signals corporate buyers shifting toward multi-year offtakes.

•25d ago

Gevo and ClimeFi Complete Carbon Removal Transaction, Advancing Gevo's Growing Carbon Business

Gevo sold and delivered 10,000 carbon dioxide removal credits through ClimeFi to an unnamed corporate buyer, advancing its carbon management business at Gevo North Dakota. The facility has generated more than 700,000 tons of CO2 removal since carbon capture operations began, using geologic sequestration of biogenic CO2 from ethanol production. CEO Paul Bloom framed the deal as validation of a diversified carbon business that can become a meaningful contributor to earnings and cash generation alongside the low-carbon fuels platform. Gevo says the project is among the first commercial-scale U.S. BECCS operations delivering verified CDR credits to the voluntary market, with customers including Nasdaq and Whirlpool.

•1mo ago

Gevo Announces Sell Out of Substantially All its 2026 Section 45Z Tax Credits

Gevo announced it has sold substantially all of its 2026 Section 45Z tax credits, totaling $70 million, generated at its ethanol and renewable natural gas facilities. Gevo has received over $30 million in cash through September 30, with the remainder expected over the next six months; a $50 million sale went to a non-financial publicly traded company and $20 million to Quill Financial. The company also expects an additional $7 to $10 million of 45Z credits in 2027 as debottlenecking at Gevo North Dakota, on track for year-end completion, lifts production capacity and carbon capture by 10-15%.

•1mo ago

Praj and Gevo Forge Landmark Alliance to Advance Bio-IBA in India

Gevo signed a Development & Commercialization Agreement with Praj Industries granting Praj exclusive rights to deploy Gevo's Bio-Isobutanol (Bio-IBA) technology in India, with a primary focus on diesel blending applications. In a parallel development, Praj is building India's first commercial Bio-IBA demonstration plant for a leading oil marketing company, designed and erected using Gevo's licensed technology — a key validation step for future commercialization. India consumed roughly 94.7 million tonnes (29.7 billion US gallons) of high-speed diesel in FY2025-26 per PPAC, the addressable market the partners are targeting. Bio-IBA also serves as a platform molecule for sustainable aviation fuel and renewable chemicals, extending the technology's optionality beyond diesel. No financial terms, fees, or revenue commitments were disclosed in the release; the deal builds on more than a decade of collaboration between the two companies.

•1mo ago

Gevo Announces Progress on Gevo North Dakota Debottlenecking Project

Gevo commissioned a new CO₂ beer degassing system at its Gevo North Dakota (GND) facility in Richardton, ND, several weeks ahead of schedule, marking continued progress on the site's debottlenecking program. The debottlenecking is expected to increase GND output and returns by 10-15 percent, with a third liquefaction tank and a fifth fermenter still on track to be operational by the end of 2026 as the facility advances toward roughly 75 million gallons per year of targeted capacity. The milestone follows the August integration of a steam turbine project that lowers plant energy consumption and purchased power, and Gevo says a planned 75Mgpy expansion — anticipated to approximately double GND output and returns — remains targeted for completion in 2028.

•1mo ago

Low-Carbon Solutions Provider Gevo Aligns Leadership to Advance Commercial Execution, North Dakota Expansion and Growth

Gevo promoted Greg Hanselman to Chief Operating Officer and named Kyle James Chief Commercial and Risk Officer, effective August 20, to strengthen execution and support the North Dakota expansion. Dave Kettner expanded his role to Chief Legal and Emerging Business Officer while continuing as General Counsel, overseeing strategic partnerships and new ventures. CEO Paul Bloom stated the strategy is working and reiterated the company's outlook to deliver more than $60 million in Adjusted EBITDA in 2026.

•2mo ago

Gevo Reports Second Quarter Results and Raises Financial Expectations for Full-Year 2026

Gevo reported Q2 revenue of $47 million and significantly raised its full-year 2026 non-GAAP Adjusted EBITDA outlook to more than $60 million, doubling the previous target of $30 million. The improved outlook is supported by the approval of a new Canada Clean Fuel Regulation pathway that unlocks revenue starting in Q3, alongside a target to monetize over $70 million in Section 45Z tax credits during 2026. Although the company reported a GAAP net loss of $177 million due to a $176 million non-cash impairment charge to exit the ATJ-60 project in South Dakota, non-GAAP Adjusted EBITDA was positive at $11 million for the quarter. Management expects substantial operating cash flow in the second half of the year, while debottlenecking efforts at the North Dakota facility remain on track to increase capacity by 10-15% starting in 2027.

•3mo ago

Gevo Announces Appointment of Todd Werpy to Board of Directors

Gevo appointed Todd Werpy, Ph.D., to its Board of Directors, effective August 20. Werpy brings over 30 years of experience, most recently as Chief Science Officer at Archer-Daniels-Midland Company (ADM), where he led technology pipeline and modernization programs. CEO Paul Bloom highlighted Werpy's expertise in scaling technology and transforming manufacturing organizations as a key asset for Gevo's next phase of growth in low-carbon fuels and renewable chemicals.

•3mo ago

Gevo Provides Business Update and Announces Progress on Business Objectives

Gevo significantly raised its operational outlook, projecting that 2026 non-GAAP Adjusted EBITDA will more than double previous estimates driven by new carbon pathways and the targeted monetization of over $70 million in Section 45Z tax credits. Operational strides include debottlenecking North Dakota facilities to 75 million gallons per year, exceeding RNG production budgets at 106% of plan, and implementing over $5 million in annual cost reductions. While Project Northstar progresses with a $600 million capex estimate, the company noted a $100 million cost increase due to site conditions and announced it is considering winding down Lake Preston activities, which would trigger significant non-cash write-downs.

•3mo ago

Gevo Announces Expansion of Carbon Business, Launch of New Digital Platform to Accelerate Market Access

Gevo reported accelerating growth in its carbon business, with sales in the first half of 2026 already surpassing the total for all of 2025. The company launched gevocarbon.com, a new digital platform to expand access to its bioenergy with carbon capture and storage (BECCS) credits, and sees a path to exceed $30 million in revenue from existing operations. To date, Gevo has stored 580,000 tonnes of carbon over four years, listing notable customers such as Nasdaq, Delta Airlines, and Amgen on the Puro Registry.

•4mo ago

Gevo Announces First Quarter 2026 Results and Provides Update on Expansion and Alcohol-to-Jet Project

Gevo reported Q1 revenue of $43 million, up from $29 million year-over-year, while Adjusted EBITDA swung to a $9 million profit from a prior-year loss. The company raised its 2026 Adjusted EBITDA target to approximately $30 million and maintained its goal of reaching a $40 million annualized run-rate by year-end. Despite withdrawing from a DOE loan process, Gevo secured non-binding interest for its ATJ-30 project and signed a preliminary co-investment agreement with Ara Energy for expansion.

•6mo ago