Company Overview - Gevo, Inc. is a next-generation diversified energy company focused on providing cost-effective, drop-in fuels that enhance energy security, reduce carbon emissions, and support rural economic growth [3] - The company utilizes innovative technology to produce a range of renewable products, including sustainable aviation fuel (SAF), motor fuels, and chemicals, contributing to U.S.-made solutions [3] - Gevo operates an ethanol plant with an adjacent carbon capture and sequestration (CCS) facility and one of the largest dairy-based renewable natural gas (RNG) facilities in the U.S. [3] - The company has developed the world's first production facility for specialty alcohol-to-jet (ATJ) fuels and chemicals, operational since 2012, and is currently working on a large-scale ATJ facility in North Dakota [3] Financial Reporting - Gevo will host a conference call on March 5, 2026, at 4:30 p.m. ET to report its financial results for the fourth quarter ending December 31, 2025 [1] - Participants can register for the live call through a provided weblink and will receive a dial-in number and pin after registration [1] Investor Relations - A webcast replay of the conference call will be available two hours after the call ends, with an archived version accessible in the Investor Relations section of Gevo's website [2] - For further inquiries, Gevo has designated contacts for public affairs and investor relations [4]

Core Insights - Gevo, Inc. has successfully closed a refinancing transaction that simplifies its capital structure and redeemed approximately $68 million in bonds related to its renewable natural gas subsidiary, freeing up over $35 million in previously restricted cash without materially changing total outstanding debt [1][2] Group 1: Refinancing and Debt Management - The refinancing includes a $175 million loan facility with Orion Infrastructure Capital that consolidates existing term debt and debt associated with Gevo's RNG subsidiary [2] - Gevo has also entered a revolving credit facility of up to $20 million with Huntington National Bank to provide working capital for its low-carbon ethanol plant operations [2] Group 2: Company Overview and Operations - Gevo is a diversified energy company focused on renewable fuels and chemicals, committed to energy security and economic growth in rural communities [3] - The company operates an ethanol plant with a carbon capture and sequestration facility and one of the largest dairy-based RNG facilities in the U.S., converting by-products into clean energy [3] - Gevo is developing the world's first large-scale alcohol-to-jet facility at its North Dakota site, enhancing its innovative technology portfolio [3]

Summary of Gevo's Conference Call Company Overview - **Company Name**: Gevo, Inc. - **Ticker Symbol**: GEVO, traded on Nasdaq - **Business Focus**: Gevo specializes in converting renewable biomass-based carbon resources into fuels and chemicals that are compatible with existing fossil fuel infrastructure, aiming to reduce carbon footprints and promote sustainability [2][3] Core Business Segments 1. **Gevo Fuels**: - Operates an ethanol plant that processes corn into ethanol and co-products, including carbon dioxide [3] - Developing alcohol-to-jet technology to convert ethanol into lower carbon jet fuel, increasing overall jet fuel supply [3][4] 2. **Gevo RNG**: - Involves capturing methane from dairy cow manure to produce renewable natural gas (RNG) for pipeline injection [4] 3. **Verity**: - A software subsidiary focused on creating a cloud-based system for tracking and auditing the carbon footprint of agricultural products throughout the supply chain [5][6] 4. **Gevo Chem**: - Research and development efforts aimed at improving technologies for converting ethanol to jet fuel, with a focus on continuous improvement [8][9] Financial Performance and Projections - **EBITDA**: Reported $6.7 million for the last quarter, with a target of reaching $40 million annually by optimizing existing operations [16] - **Growth Potential**: Aiming for $110 million in EBITDA by fully utilizing carbon capture and optimizing production without significant capital investment [18][40] - **Production Capacity**: The North Dakota facility can produce 67 million gallons of ethanol annually, with potential for significant margin improvements through increased production [32] Strategic Initiatives - **Technology Differentiation**: Gevo's integrated approach to producing sustainable aviation fuel (SAF) from corn allows for lower operational costs compared to other methods [22][23] - **Market Demand**: The U.S. aviation sector is experiencing increasing demand for jet fuel, with Gevo's technology positioned to meet this need efficiently [19][20] - **Expansion Plans**: Plans to build a large-scale alcohol-to-jet plant in North Dakota with an estimated cost of $500 million, targeting a final investment decision (FID) in the second half of 2026 [28][29] Partnerships and Collaborations - **Bushel Partnership**: Collaboration with Bushel to integrate on-farm data with Verity's sustainability model, enhancing the tracking of agricultural products through the supply chain [35][36] Key Challenges and Considerations - **Capital Requirements**: The construction of the large-scale plant will require significant capital investment, with ongoing discussions for a $1.5 billion loan from the U.S. Department of Energy being adjusted to fit the North Dakota site [29][42] - **Market Competition**: Gevo operates in a nascent industry that is still optimizing processes for ethanol-to-jet conversion, facing competition from established fossil fuel industries [26] Conclusion - Gevo is positioned to capitalize on the growing demand for sustainable fuels through innovative technology and strategic partnerships, with a clear roadmap for growth and expansion in the renewable energy sector [40][44]

Core Insights - Verity Holdings, LLC and Bushel announced an integration to connect on-farm data with sustainability modeling and compliance, enhancing traceability and documentation of agricultural practices that affect carbon intensity and credit value under Section 45Z [1][2][5] Group 1: Integration and Benefits - The integration provides agribusinesses and producers a clearer path to participate in sustainability programs linked to verified agricultural practices, facilitating access to market-based incentives [2][4] - Farmers can choose to participate in the integrated platform, sharing data securely through Bushel Farm, which supports documentation and carbon scoring [2][6] - The pilot customer for this integration is the Gevo North Dakota ethanol facility, reflecting progress towards the goals of the North Dakota-supported CSEA grant [3] Group 2: Market Context and Demand - There is an increasing demand for transparent grain sourcing, and the integration helps farmers and processors prepare for potential policy shifts while meeting program requirements [4][5] - Recent guidance from the U.S. Department of the Treasury under Section 45Z highlights the importance of verifiable carbon intensity data in determining program eligibility and value [5] - The integration aims to create more market-based opportunities by securely connecting data, addressing the needs of farmers while preparing the industry for future developments [6] Group 3: Company Profiles - Verity Holdings specializes in carbon project development and offers a digital MRV platform, focusing on maximizing the value of environmental benefits [7] - Gevo, Inc. is a diversified energy company committed to producing cost-effective, renewable fuels and strengthening rural economies through innovative technology [8][9] - Bushel is an independent software company providing integrated workflow solutions for agriculture, powering over 3,500 grain and ag retail facilities and serving more than 100,000 farmers [10]

Company Transition - The primary focus of the meeting is the transition of management, with Patrick Gruber stepping down as CEO and Paul Bloom taking over as the new CEO [2] - Patrick Gruber expresses his deep connection to the company, highlighting his long-term commitment and investment in Gevo [2] Presentation Details - The virtual non-deal roadshow is hosted by Renmark Financial Communications, with a presentation duration of approximately 20 to 25 minutes, followed by a Q&A session [1]

Core Insights - Gevo is focusing on profitability and increasing adjusted EBITDA, particularly at its North Dakota ethanol facility with carbon capture, which is seen as a transformational acquisition [1][6] - The company is experiencing a leadership transition, with Paul Bloom set to become CEO in April, while founder Patrick Gruber will take on the role of executive chair [2][3][6] Operational Priorities - Management aims to improve profitability at the North Dakota site, targeting a capacity increase to approximately 75 million gallons and advancing "Project Northstar," an alcohol-to-jet (ATJ) plant with a capacity of around 30 million gallons [6][10] - The company is actively pursuing financing for Project Northstar, with an expected total installed capital of just over $500 million [5][11] Market Outlook - Gevo identifies a significant U.S. jet fuel shortfall of approximately 2.3 billion gallons by 2035, presenting a scaling opportunity for the company [5][8] - The company emphasizes the need for "drop-in" fuels that are compatible with existing infrastructure, allowing for blending with conventional jet fuel [9] Financial Performance - Gevo's revenue run rate is projected to be between $150 million and $200 million, with a path toward substantially higher EBITDA and near-term neutral to positive operating cash flow [5][12] - The company reported an adjusted non-GAAP EBITDA of $6.7 million in the last quarter, with expectations for this to increase over the coming quarters [12] Technology Development - Gevo has been awarded an additional patent in its ethanol-to-olefins (ETO) portfolio, which could potentially reduce capital and operating costs by up to 35% [13] - The company is exploring marine fuel markets and is interested in isobutanol for performance marine applications [14] Strategic Initiatives - The company is focused on monetizing carbon-related revenue, including clean fuel production tax credits that could reach up to $1 per gallon, depending on carbon intensity [10] - Gevo is also working on expanding its carbon business and advancing financing for its first ATJ30 plant as a foundation for broader replication [15]

Summary of Gevo, Inc. Conference Call Company Overview - **Company**: Gevo, Inc. - **Ticker Symbol**: GEVO - **Industry**: Renewable energy, specifically focusing on sustainable aviation fuel (SAF) and low carbon ethanol production Key Points and Arguments Management Transition - Patrick Gruber is transitioning from CEO to Executive Chair, with Paul Bloom taking over as the new CEO [2][6] - Gruber expressed confidence in Bloom's leadership and experience, highlighting Bloom's background in chemistry and business [5][9] Technological Advancements - Gevo has developed technology to convert renewable resources into hydrocarbons, including jet fuel, gasoline, and diesel from alcohols [3][4] - The company has achieved low-cost technology and is beginning to monetize carbon value, which is crucial for profitability [3][4] Strategic Acquisitions - Gevo acquired a plant in North Dakota, which is pivotal for producing low carbon ethanol, the feedstock for jet fuel [4][6] - The acquisition aligns with the company's strategy to scale operations and meet growing demand for sustainable aviation fuel [4][18] Market Opportunities - The U.S. is projected to need an additional 2.3 billion gallons of jet fuel by 2035, with Gevo positioned to meet this demand through its technology [19][42] - Gevo's technology allows for the production of energy-dense liquids, which are essential for aviation fuel [16][19] Financial Performance and Projections - Gevo aims to achieve positive adjusted EBITDA for the first time, driven by selling tax credits and monetizing carbon [17][30] - The company anticipates that the Alcohol-to-Jet 30 (ATJ30) plant could generate approximately $150 million in adjusted EBITDA annually, with a total investment of around $500 million [46][48] Carbon Monetization - Gevo is focused on monetizing carbon dioxide produced during ethanol production, which can be sold for various applications, including enhanced oil recovery and food carbonation [25][34] - The carbon business is expected to grow significantly, with potential revenues from carbon sales projected to reach $30 million [37][32] Sustainability and Agricultural Impact - Gevo emphasizes working with farmers to improve agricultural practices, which can lead to better soil health and increased yields [20][21] - The company aims to create a sustainable business model that benefits both energy production and agricultural output [20][21] Future Growth and Expansion - Gevo plans to replicate its successful model by building multiple ATJ plants, potentially up to 70 facilities to meet market demand [19][49] - The company is committed to operational excellence and maximizing efficiencies in production to support growth [38][41] Competitive Landscape - Gevo believes its technology is among the lowest cash cost options for producing jet fuel, making it competitive against traditional petroleum sources [44][46] - The company is not just a replacement strategy but aims to supplement existing fuel supplies with sustainable alternatives [43][44] Additional Important Insights - The transition in leadership is seen as a strategic move to ensure continuity and leverage Bloom's experience in scaling technology [2][9] - Gevo's focus on carbon intensity reduction is not only about compliance but also about creating a more efficient production system [20][21] - The company has a robust patent portfolio of over 400 patents, which supports its innovative capabilities in the renewable energy sector [19] This summary encapsulates the key discussions and strategic directions outlined during the conference call, highlighting Gevo's commitment to sustainable energy solutions and its proactive approach to market demands.

Core Viewpoint - Gevo, Inc. is undergoing a leadership transition with Paul Bloom set to become the new CEO, while Patrick Gruber will step down, and this change is expected to align with the company's future goals [1] Group 1: Leadership Transition - Paul Bloom, the current President, will take over as CEO from Patrick Gruber during a virtual fireside chat scheduled for January 23, 2026 [1] - The discussion will focus on the leadership transition plans and their implications for Gevo's future [1] Group 2: Company Overview - Gevo is a diversified energy company focused on renewable fuels and chemicals, aiming to enhance energy security and support rural economic growth [2] - The company produces a range of renewable products, including sustainable aviation fuel (SAF), motor fuels, and chemicals, utilizing innovative technology [2] - Gevo operates an ethanol plant with a carbon capture and storage (CCS) facility and one of the largest dairy-based renewable natural gas (RNG) facilities in the U.S. [2] - The company is developing the world's first large-scale alcohol-to-jet (ATJ) facility at its North Dakota site, building on its experience since 2012 [2] - Gevo's business model emphasizes job creation and community revitalization through the development and operation of production facilities [2] - The company employs a market-driven "pay for performance" approach to carbon and sustainability attributes, enhancing local economic value [2]

Core Insights - Gevo's North Dakota plant is the largest producer of engineered carbon removal credits and the only ethanol carbon capture and storage project issuing Puro.earth-certified certificates with thousand-year permanence [1] - The plant has issued over 500,000 engineered carbon-dioxide removal certificates (CORCs) since the start of carbon capture and storage activities in June 2022 [1][2] - Gevo's carbon business operates with integrity across regulated low carbon fuel markets and voluntary markets, ensuring high-quality carbon removal [2] Company Overview - Gevo is a diversified energy company focused on renewable fuels and chemicals, contributing to energy security and economic growth in rural communities [3] - The company operates an ethanol plant with an adjacent carbon capture and storage facility and is developing the world's first large-scale alcohol-to-jet facility at its North Dakota site [3] - Gevo's business model includes creating jobs and revitalizing communities through the development and operation of production facilities [3] Industry Context - The carbon dioxide removal market has surpassed $11 billion, with only 2.8% of purchases delivered, indicating significant growth potential [2] - Gevo's North Dakota plant has received an "A" rating from BeZero Carbon Ltd., highlighting its operational excellence and high-quality production [2]

Core Insights - Gevo, Inc. has appointed Alex Clayton as Chief Carbon Officer, transitioning from his previous role as Chief Business Development Officer, as part of a strategic organizational realignment to support the company's growth plan [1] - The company views its carbon management business as a key component of long-term revenue growth, with a focus on establishing itself as a leader in the voluntary carbon markets [2] - Gevo's North Dakota facility is recognized as the largest producer of engineered carbon dioxide removal credits and is unique in issuing credits with thousand-year permanence [2] Company Overview - Gevo is a diversified energy company focused on renewable fuels, chemicals, and carbon management, aiming to enhance energy security and economic growth in rural communities [4] - The company operates an ethanol plant with an adjacent carbon capture and sequestration facility, and one of the largest dairy-based renewable natural gas facilities in the U.S. [4] - Gevo has developed the world's first production facility for specialty ATJ fuels and chemicals and is currently working on a large-scale ATJ facility at its North Dakota site [4] Business Model and Strategy - Gevo employs a multi-faceted business model that includes developing, financing, and operating production facilities to create jobs and revitalize communities [4] - The company emphasizes a market-driven "pay-for-performance" approach regarding carbon and sustainability attributes, aiming to deliver value to local economies [4] - Through its Verity subsidiary, Gevo provides transparency and efficiency in tracking and verifying various sustainability attributes throughout the supply chain [4]