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Gevo to bring two wind turbines online in May

The wind towers will provide up to 5 megawatts of energy to the company's Minnesota facility

Wind turbines
Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions

Gevo Inc (NASDAQ:GEVO) announced Wednesday that a pair of wind turbines are being placed into service at its production facility in Luverne, Minnesota. 

The turbines will generate up to 5 megawatts of renewable energy and allow the facility to produce fuel with a lower carbon intensity score, the company said.

The carbon intensity score is a metric used under the Low Carbon Fuel Standard in California. 

READ: Gevo is fueling the way to a carbon neutral future, says alphaDIRECT Advisors

Gevo thanked those who made the project possible, including Juhl Energy, local landowners, City of Luverne, Rock County, Faith Technologies, First Farmers and Merchants Bank, Missouri River Energy Services, and GE.

Gevo is commercializing the next generation of gasoline, jet fuel and diesel fuel with the potential to achieve zero carbon emissions, addressing the market need to reduce greenhouse gas emissions with sustainable alternatives.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: Gevo Inc

Price: 1.79 USD

NASDAQ:GEVO
Market: NASDAQ
Market Cap: $214.13 m
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Gevo well capitalized to advance efforts to develop production facilities...

Gevo Inc (NASDAQ:GEVO) CEO Patrick Gruber tells Proactive the group that's developing renewable alternatives to petrol, is well-capitalized and continues to advance its project financing efforts to establish production facilities so it can fulfill contracts for its green fuels. Gruber says...

on 09/09/2020

2 min read