Gevo stock soars on $1.46 billion DOE loan for sustainable aviation fuel plant
Shares of Gevo Inc. are climbing 38.2% in premarket trades Thursday after the renewable chemicals and biofuels company received a commitment for a $1.46 billion loan from the U.S. Department of Energy.
Gevo Stock Surges After Clean Jet-Fuel Startup Gets Government Loan Commitment
Shares of clean jet-fuel startup Gevo surged more than 25% after the Department of Energy agreed to loan the company nearly $1.5 billion for a plant in South Dakota. The deal is part of the Loan Progr
Gevo lands $1.4 billion loan to support South Dakota sustainable aviation fuel plant
Renewable fuels company Gevo has been awarded a $1.4 billion loan guarantee from the U.S. Department of Energy to support a sustainable aviation fuel plant in South Dakota. Tad Hepner, VP for Strategy and Innovation with the Renewable Fuels Association tells
US Offers Conditional Loan Guarantees Worth About $3 Billion for Two Sustainable Aviation Fuel Projects
The U.S. Department of Energy said on Wednesday it has approved conditional loan guarantee commitments totaling nearly $3 billion for two sustainable aviation fuel projects. The agency's Loan Programs Office said the funding of up to $1.
DOE makes $3B commitment to two sustainable aviation fuel projects
Airlines are banking on sustainable aviation fuel to reduce the industry’s planet-warming pollution. But the amount of lower-carbon alternatives available to them right now represents just a few drops in an ocean of petroleum.
DOE floats $3B loans to boost low-carbon aviation fuel
The Department of Energy announced its first two loans Wednesday for fossil fuel-free aviation fuel, giving a nearly $3 billion boost to the fledgling industry. DOE floated a $1.46 billion loan to biofuels producer Gevo Net-Zero 1 for a facility located in Lake Preston,
Gevo, Calumet Shares Jump as US Offers Loans for Biofuel Plants
The Biden administration is offering biofuel company Gevo Inc. $1.46 billion in financing for a large-scale facility that ...
Gevo’s Strategic Advancements and Financial Positioning: A Buy Rating Driven by U.S. Department of Energy Loan Guarantee and Net-Zero 1 Project
Amit Dayal, an analyst from H.C. Wainwright, maintained the Buy rating on Gevo (GEVO – Research Report). The associated price target ...
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Gevo’s Stock Skyrockets: What’s Next for This Game-Changer?
Dr. Patrick Gruber, Gevo’s CEO, heralded this commitment as a watershed moment for the company and a crucial step toward transforming the aviation industry. He emphasized that this loan guarantee not ...
Company proposing Lake Preston jet fuel plant receives $1.46 billion federal endorsement
The U.S. Department of Energy has granted a conditional loan guarantee worth $1.46 billion to Gevo, the Colorado company that ...
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Feds ‘conditionally commit’ to Gevo loan guarantee
The federal government is conditionally committing to help finance construction of a major processing facility in eastern ...
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Gevo receives first-of-its-kind DOE commitment for its planned SAF facility
The Department of Energy has announced a conditional $1.46 billion loan guarantee to Gevo for a large-scale corn ...
Calumet, Gevo Shares Are Soaring Wednesday: What's Going On?
Shares of Calumet and Gevo are on the move in extended trading Wednesday after the companies received conditional commitments ...
Gevo Shares Rise After Receiving Energy Department Loan
Gevo shares jumped after the company announced it received a conditional commitment for a loan guarantee with disbursements totaling $1.46 billion from the U.S. Energy Department.
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U.S. Offers Conditional Loans for Two SAF Projects
This represents the first-ever large-scale alcohol-to-jet project to receive such a commitment from DOE and aligns with the ...