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Gevo (NASDAQ:GEVO) mentioned Monday it now has ~375M gal/12 months of predominantly take-or-pay, financeable sustainable aviation gas and hydrocarbon gas provide agreements, representing $2.3B in anticipated annual gross sales.
The corporate mentioned its Lake Preston, South Dakota, Web-Zero 1 venture is on schedule with preliminary volumes of SAF anticipated to be delivered in 2025; NZ1 is anticipated to provide 55M gal/12 months of SAF, which might fulfill a part of the ~375M gal/12 months of financeable SAF and hydrocarbon provide agreements at present in place.
Gevo (GEVO) mentioned the transition to an ethanol-to-SAF design from the unique isobutanol-to-SAF and isooctane design is yielding improved manufacturing expectations, resulting in forecast venture EBITDA for NZ1 of $300M-$325M/12 months, 56% larger than the earlier midpoint estimate of $200M/12 months.
The corporate additionally mentioned its renewable pure gasoline venture in Iowa continues to ramp up manufacturing; it expects the RNG Undertaking to generate Undertaking EBITDA of $16M-$22M/12 months beginning in 2023.
Gevo (GEVO) “goals to construct its future as a SAF provider by way of profitable venture financing following a milestone settlement with American Airways,” Alberto Abaterusso says in an evaluation posted on In search of Alpha.
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