Emily Sorenson's questions to Gevo Inc (GEVO) leadership • Q3 2024
Question
Emily Sorenson from Sorenson Farms questioned whether Gevo would proceed with the Net-Zero 1 project without the Summit pipeline and asked how a new political administration might affect airline demand for SAF if tax credits were removed.
Answer
CEO Dr. Patrick Gruber confirmed that proceeding without the pipeline is a possibility by railing CO2 to the Red Trail site, contingent on making an attractive case to equity investors. He addressed political risk by explaining the 45Z tax credit has strong bipartisan features requiring audited proof of carbon reduction, making it more durable. He emphasized the DOE loan was granted without 45Z being finalized, indicating the project's strong standalone economics.