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Gevo North Dakota Sells Its Remaining 2025 45Z Production Tax Credits for $30 Million, Bringing the Contracted Total for the Year to $52 Million
Globenewswireยท 2025-11-05 14:00
Core Insights - Gevo, Inc. has contracted sales of its remaining Section 45Z Clean Fuel Production Credits for 2025, totaling $30 million, bringing total sales for the year to $52 million [1][2] - The Section 45Z tax credits are generated based on ethanol production volumes and carbon sequestration efficiencies, supporting domestic biofuel production [2] - The sales of these credits are expected to enhance Gevo's cash flow from operations and are anticipated to be recurring [2] Company Overview - Gevo is a diversified energy company focused on producing cost-effective, renewable fuels and products that contribute to energy security and economic growth [3] - The company operates an ethanol plant with an adjacent carbon capture, utilization, and sequestration facility, and is developing the world's first large-scale alcohol-to-jet fuel facility [3] - Gevo's business model emphasizes job creation and community revitalization while providing transparency and efficiency in tracking sustainability attributes through its Verity subsidiary [3]