Gevo's Announces Co's Sustainable Aviation Fuel Well-Positioned In Light Of New Guidance From Treasury Department
Portfolio Pulse from Benzinga Newsdesk
Gevo, Inc. responds positively to the new Argonne National Laboratory GREET model for carbon accounting under the IRA's Section 40B, highlighting its alignment with Gevo's sustainable aviation fuel (SAF) production and climate-smart agriculture practices. The model's adoption supports Gevo's business model and the use of its Verity carbon accounting tool for farmers. Gevo anticipates further guidance on the 45Z SAF tax credit, emphasizing the importance of clear rules for carbon abatement and the role of American farmers in the SAF supply chain.

April 30, 2024 | 9:46 pm
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Gevo, Inc. sees positive alignment with the new GREET model for carbon accounting, which supports its sustainable aviation fuel production and climate-smart agriculture practices. This development could enhance Gevo's positioning for future SAF tax credits and partnerships with farmers.
The adoption of the GREET model for carbon accounting under the IRA's Section 40B directly supports Gevo's business model, which focuses on the production of sustainable aviation fuel and the implementation of climate-smart agriculture practices. This regulatory development is likely to have a positive impact on Gevo's market positioning, as it validates the company's long-standing advocacy for science-based carbon accounting and could facilitate the expansion of its partnerships with farmers. Additionally, the anticipation of further guidance on the 45Z SAF tax credit suggests potential future benefits for Gevo, as clear and favorable regulations could enhance the company's ability to meet carbon abatement goals and secure its investments in sustainable aviation fuel.
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