Gevo Inks $210M Deal For Ethanol And CCS Assets, Eyes Net-Zero Aviation Fuel Future
Portfolio Pulse from Lekha Gupta
Gevo, Inc. (NASDAQ:GEVO) has announced a $210 million acquisition of ethanol production and carbon capture and sequestration (CCS) assets from Red Trail Energy. This move is expected to enhance Gevo's capabilities in producing sustainable aviation fuel and achieving net-zero emissions. The acquisition is anticipated to close by Q1 2025, pending approvals, and aims to boost shareholder value and achieve positive Adjusted EBITDA by 2025.
September 12, 2024 | 5:40 pm
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Gevo's acquisition of ethanol and CCS assets for $210 million is expected to enhance its sustainable aviation fuel production capabilities and achieve net-zero emissions. The deal is set to close by Q1 2025, potentially boosting shareholder value and achieving positive Adjusted EBITDA by 2025.
The acquisition is a strategic move for Gevo, enhancing its capabilities in sustainable aviation fuel production and carbon sequestration. The market reacted positively, with shares rising 28.1%, indicating investor confidence in the potential for increased shareholder value and future profitability.
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