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,
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Gevo Inc (GEVO) Reported a -491.59% Operating Margin Last Year—What’s the Real Story?
On Thursday, Gevo Inc (GEVO) stock saw a modest uptick, ending the day at $2.65 which represents a slight increase of $0.40 or 17.78% from the prior close of $2.25. The stock opened at $3.08 and ...
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 ...
Why Gevo Stock Is Surging Thursday — 'This Marks A Watershed Moment'
Gevo Inc (NASDAQ:GEVO) shares are trading higher Thursday after the company announced it received a conditional commitment ...
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Lake Preston plan wins conditional federal loan guarantee
The Federal Government just jumped on board a proposal to build a major jet fuel processing facility near Lake Preston. The ...
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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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 ...
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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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 ...