<a href="https://laohu8.com/S/GEVO">Gevo Inc.</a> Secures Extension on $1.46 Billion DOE Loan Commitment for Synthetic Aviation Fuel Project
Gevo Inc. has received an extension from the U.S. Department of Energy Loan Programs Office (DOE LPO) for its conditional commitment to guarantee a $1.46 billion loan related to the company's ATJ-60 synthetic aviation fuel project in Lake Preston, South Dakota. The extension, granted on October 8, 2025, now runs until April 16, 2026. This period will allow Gevo and the DOE LPO to consider potential modifications to the project's scope, including the possibility of constructing a lower-cost, 30 million gallon per year jet fuel production facility (ATJ-30) in North Dakota and exploring the use of captured carbon dioxide for enhanced oil recovery. The conditional commitment remains in effect during the extension to facilitate these evaluations and potential changes.
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