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Gevo CEO Shakeup: Gruber to Executive Chair as Bloom Takes Helm, Eyes Northstar ATJ30 Expansion
Yahoo Finance· 2026-01-23 18:48
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]
Gevo Completes Sale of Luverne, Minnesota, Ethanol Facility to A.E. Innovation, Retains Isobutanol Assets for Future Innovation
Globenewswire· 2025-11-04 14:00
Core Viewpoint - Gevo, Inc. has successfully completed the sale of its subsidiary Agri-Energy, LLC to A.E. Innovation, LLC, marking a strategic divestiture of a non-core asset while retaining key production capabilities [1][2]. Financial Summary - The transaction provided Gevo with $2 million in upfront cash and an additional $5 million in future cash installments, alongside annual savings of approximately $3 million in idling costs [2]. Operational Impact - A.E. plans to restart ethanol production at the Agri facility, which has been idle since March 2020, and aims to utilize the site for innovation and scaling new technologies [3]. - Gevo retains the majority of its isobutanol production assets at the site, allowing for continued production of 1 million gallons per year of low-carbon isobutanol for various markets [4]. Company Overview - Gevo is a diversified energy company focused on renewable products, including sustainable aviation fuel (SAF), motor fuels, and chemicals, contributing to energy security and economic growth in rural communities [5]. - The company operates an ethanol plant with a carbon capture facility and is developing the world's first large-scale alcohol-to-jet facility in North Dakota [5].
Invizyne Technologies Inc(IZTC) - Prospectus(update)
2024-10-21 15:23
As filed with the Commission on October 21, 2024 Registration No. 333-276987 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 8 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INVIZYNE TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Nevada 2836 47-228900 (I.R.S. Employer Identification No.) 750 Royal Oaks Dri ...
Invizyne Technologies Inc(IZTC) - Prospectus(update)
2024-09-19 18:03
As filed with the Commission on September 19, 2024 Registration No. 333-276987 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 6 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INVIZYNE TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Nevada 2836 47-228900 (I.R.S. Employer Identification No.) 750 Royal Oaks D ...
Invizyne Technologies Inc(IZTC) - Prospectus(update)
2024-09-06 20:25
As filed with the Commission on September 6, 2024 Registration No. 333-276987 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 5 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 INVIZYNE TECHNOLOGIES INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Nevada 2836 47-228900 (I.R.S. Employer Identification No.) 750 Royal Oaks Dr ...