Greg Gilman's questions to Gevo Inc (GEVO) leadership • Q3 2024
Question
Greg Gilman from LBI sought more details on the DOE conditional loan, its durability through political changes, the feedstock quality requirements, Gevo's international partnerships, and any near-term plans for share dilution.
Answer
CEO Dr. Patrick Gruber reiterated that the DOE loan is structured to survive administration changes and has bipartisan appeal due to its economic impact. He clarified that the process uses standard field corn, not food-grade corn, and confirmed ongoing international partnerships, such as with Praj in India. Dr. Gruber stated there are no plans to dilute shares, as projects will be financed at the project level with debt and existing capital, for which Gevo has more than enough cash on its balance sheet.