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Gevo well capitalized to advance efforts to develop production facilities for its green fuels

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 the facilities were needed to provide the product required under existing and expected, future take-or-pay, off-take agreements.

Quick facts: Gevo Inc

Price: 7.02 USD

NASDAQ:GEVO
Market: NASDAQ
Market Cap: $1.06 billion
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Gevo 'in a terrific position' as it raises more than $321M to fund upcoming...

Gevo Inc (NASDAQ:GEVO) CEO Patrick Gruber tells Proactive it has closed on a registered direct offering that raised more than $321 million to fund projects and for general corporate purposes. Gruber says the group now has no debt, and $530 million worth of cash on the balance sheet, allowing the...

on 01/26/2021

2 min read