Gevo to Acquire Red Trail Energy Assets in North Dakota, Including Operating Low-Carbon Ethanol Production and Carbon Sequestration Facilities, Expanding Platform for Sustainable Aviation ...
Gevo, Inc. (GEVO)
Last gevo, inc. earnings: 11/12 04:05 pm
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Source: GlobeNewswire
ENGLEWOOD, Colo., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), a leading developer of net-zero hydrocarbon fuels and chemicals, is pleased to announce that it has entered into a definitive agreement to acquire the ethanol production plant and carbon capture and sequestration (“CCS”) assets of Red Trail Energy, LLC (“Red Trail Energy”) for $210 million. Acquisition highlights: The Adjusted EBITDA1 from Red Trail Energy ethanol and CCS assets, when combined with Adjusted EBITDA1 from Gevo’s renewable natural gas (“RNG”) business, and other businesses, including Verity, is expected to make Gevo’s Adjusted EBITDA positive in 2025.The purchase price includes the ethanol production asset and the CCS asset. Gevo expects that its capability of marketing carbon abatement in conjunction with delivery of advanced liquid fuels should deliver superior value to shareholders.This acquisition is consistent with Gevo’s strategy while providing an ideal Net-Zero sit
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GEVO
News
- Gevo, Inc. Announces Sale of Approximately $20 Million of Investment Tax Credits Generated by the Gevo NW Iowa RNG Facility Under Inflation Reduction Act, Helping to Drive Further Investment in Clean EnergyGlobeNewswire
- Gevo to Participate in Virtual Investor MeetingGlobeNewswire
- Gevo: Expensive Ethanol Plant Acquisition May Not Meet Expectations -- Sell [Seeking Alpha]Seeking Alpha
- U.S. Grants Gevo a Patent for Breakthrough Ethanol-to-Olefin ProcessGlobeNewswire
- Gevo, Inc. (NASDAQ: GEVO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $14.00 price target on the stock.MarketBeat
GEVO
Earnings
- 8/8/24 - In-Line
GEVO
Sec Filings
- 9/12/24 - Form 8-K
- 8/29/24 - Form 8-K
- 8/26/24 - Form 4
- GEVO's page on the SEC website