Peter Gastreich

Amit Dayal

Derrick Whitfield

Whitney Mutalemwa

Emily Sorenson

Ethan Finger

Greg Gilman

James Medvedeff

Nathaniel Pendleton

Sameer Joshi

Saumya Jain

- Gevo, a **diversified energy company** and leading developer of **synthetic aviation fuel (SAF)**, reported a **Q2 2025 run-rate adjusted EBITDA of $20 million annually**.  **[1392380_2162710_1]** **[1392380_2162710_5]** 
- The company holds **$127 million in cash, cash equivalents, and restricted cash** and **$168 million in debt** as of the last quarter.  **[1392380_2162710_5]** 
- Management aims to **double current run-rate adjusted EBITDA to $40 million annually** in the near term through optimization, with potential to reach **over $100 million of EBITDA** through further expansion before SAF deployment.  **[1392380_2162710_5]** 
- Gevo is focused on deploying its **first commercial-scale SAF plant** (Alcohol-to-Jet, ATJ) in North Dakota, which is in the engineering design phase, and a second site in South Dakota, which is in the financing stage.  **[1392380_2162710_6]** **[1392380_2162710_7]**

Gevo Discusses Q2 2025 Performance and SAF Deployment Strategy

- Gevo is focused on producing **renewable, carbon-negative jet fuel, gasoline, and diesel fuel** from carbohydrates, aiming for economical production on a cash cost basis.  **[1392380_2157743_0]** 
- The company recently acquired an **ethanol plant in North Dakota** with carbon capture capabilities, enabling the monetization of carbon through **Carbon Dioxide Removal (CDR) credits** and tax credits.  **[1392380_2157743_0]** **[1392380_2157743_1]**  This strategy is projected to increase adjusted EBITDA from a current run rate of **$20 million** to **$40 million** and then **$110 million annually** without building an ATJ plant.  **[1392380_2157743_1]** **[1392380_2157743_2]** 
- Gevo's primary growth platform involves **Alcohol-to-Jet (ATJ) plants**, designed to address a projected **2.3-2.4 billion gallon annual jet fuel shortfall by 2035**.  **[1392380_2157743_2]** **[1392380_2157743_3]**  An ATJ plant built adjacent to their North Dakota facility is expected to add approximately **$150 million of EBITDA uplift**.  **[1392380_2157743_2]** 
- The company plans to construct ATJ plants using a **modular, factory-built approach** to de-risk execution and enable rapid deployment  **[1392380_2157743_3]** **[1392380_2157743_4]** , and currently holds **$127 million in cash equivalent**.  **[1392380_2157743_2]**

Gevo Details Renewable Fuel Strategy, Carbon Monetization, and Growth Plans

- **Frontier Infrastructure Holdings LLC** and **Gevo, Inc.**, along with its **Verity platform**, have launched North America's first fully integrated carbon management platform for ethanol producers.  **[1392380_20250922DA79632:0]** 
- This partnership combines rail transportation via **Union Pacific Railroad**, permanent sequestration at Frontier's **Sweetwater Carbon Storage Hub**, and digital carbon tracking through **Verity**, offering an end-to-end solution for carbon capture and monetization.  **[1392380_20250922DA79632:0]** 
- The platform targets over **200 ethanol facilities** in North America, particularly benefiting the **60%** located more than **50 miles** from proposed pipeline routes, enabling them to implement carbon management within **24 months**.  **[1392380_20250922DA79632:0]** 
- Frontier has issued a Notice to Proceed for the **Granger Carbon Terminal (GCT)**, a critical CO2 transload facility, with Phase I expected to be operational by **2027** and capable of handling **500,000 metric tons of CO2 annually**, expandable up to **2 million tons**.  **[1392380_20250922DA79632:0]**

Gevo and Frontier Infrastructure Launch Carbon Management Platform

- Gevo, Inc.'s subsidiary, Net-Zero Richardton, LLC, entered into a **Carbon Dioxide Removal Sales Agreement** with Biorecro North America, LLC on **September 18, 2025**.  **[1392380_0001104659-25-091236_tm2526350d1_8k.htm:1]** 
- The agreement involves the sale of carbon dioxide removal credits (CDR credits) with **total expected sales of $26,175,000** during the initial term.  **[1392380_0001104659-25-091236_tm2526350d1_8k.htm:1]** **[1392380_0001104659-25-091236_tm2526350d1_ex10-1.htm:19]** 
- Sales will occur quarterly, with the agreement effective from **September 18, 2025**, until **December 31, 2030**, and an option for Biorecro to extend for up to an additional ten years.  **[1392380_0001104659-25-091236_tm2526350d1_8k.htm:1]** 
- These CDR credits are generated from Gevo's carbon capture and sequestration facilities in Richardton, North Dakota.  **[1392380_0001104659-25-091236_tm2526350d1_8k.htm:1]**

Gevo (GEVO)