Gevo Gets DoE Conditional Commitment Of $1.46B For Its Net-Zero 1 Sustainable Aviation Fuel Plant In South Dakota
Portfolio Pulse from Benzinga Newsdesk
Gevo has received a conditional commitment from the Department of Energy for a $1.46 billion loan to support its Net-Zero 1 Sustainable Aviation Fuel Plant in South Dakota. The loan facility has a borrowing capacity of $1.63 billion, including capitalized interest during construction.
October 16, 2024 | 8:55 pm
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Gevo has secured a $1.46 billion conditional loan commitment from the Department of Energy for its Net-Zero 1 Sustainable Aviation Fuel Plant, enhancing its financial capacity to advance sustainable fuel projects.
The $1.46 billion loan commitment from the DOE significantly enhances Gevo's financial resources, allowing it to proceed with its Net-Zero 1 Sustainable Aviation Fuel Plant. This development is likely to positively impact Gevo's stock price as it strengthens the company's position in the sustainable energy sector.
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