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Gevo to spend $1.5 Billion to expand in Denver Colorado.

Gevo to spend $1.5 Billion to expand in Denver Colorado.

November 13, 2024 Craig Etkin

Denver, Colorado — According to state and local development sources, Gevo plans to invest $1,500 Million to build out new space in Denver. The company plans to occupy the new space in Denver, on or about October 1, 2026. According to the company website Gevo, Inc. (NASDAQ: GEVO) has a mission to transform renewable energy into low carbon transportation fuels. This next generation of renewable premium gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need of reducing greenhouse gas emissions with sustainable alternatives. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their lifecycle). Gevos products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevos technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevos ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented, technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low carbon products such as gasoline components, jet fuel, and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

To learn more about Gevo, visit http://gevo.com/

Company Contact:
Patrick Gruber, Chief Executive Officer
pgruber@gevo.com
https://www.linkedin.com/in/patrick-gruber-ab43555
303-858-8358

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.


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