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Gevo awaits GREET updates, reports 4Q loss

  • Märkte: Biofuels, Natural gas
  • 08.03.24

Renewable fuel technology firm Gevo posted another net loss from operations in the fourth quarter, but remains optimistic as the US Treasury Department finalizes updates to the new emissions measurement model US regulators will use.

Changes to the Greenhouse gases, Regulated Emissions, and Energy use in Technologies (GREET) model are expected to expand the pathways for ethanol-based sustainable aviation fuel (SAF) producers to receive tax credits under the Inflation Reduction Act, which would have significant implications for Gevo's operations.

Chief executive Patrick Gruber also applauded the state of New Mexico for its progress in establishing a low-carbon fuel standard program, another potential opportunity for the company.

Gevo's Verity software, designed to track carbon intensity of renewable fuels across the production process, is now in use by roughly 2pc of the US ethanol industry by volume.

Financially, the company posted a net loss of $21.3mn in the fourth quarter of 2023, improving from losses of $26.7mn over the same period in 2022. Revenues for the quarter totaled $4.4mn, with environmental attribute sales of $4.2mn and the rest from renewable natural gas (RNG) operations. Gevo posted a loss of $66.2mn over the 2023 calendar year.


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