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Gevo options land in South Dakota for facility to produce 45M gallons of sustainable jet fuel

Gevo Inc (NASDAQ:GEVO) CEO Patrick Gruber tells Proactive the group has optioned the right to purchase nearly 239 acres of land near Lake Preston, South Dakota for a planned fuel production facility. Gruber says the Englewood, Colorado-based group would expect the plant to produce 45 million gallons of sustainable jet fuel.

Gruber says the group will look to arrange the financing, which would be in the $5 - $7 million dollar range to build the plant.

Quick facts: Gevo Inc

Price: 6.98 USD

NASDAQ:GEVO
Market: NASDAQ
Market Cap: $1.07 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