Gevo (GEVO) announced the contracted sales of its remaining Section 45Z Clean Fuel Production Credits for 2025 from its Gevo North Dakota facility, totaling $30M, to Stifel Financial Corp. and Capital Community Bank, bringing the total sales for 2025 to $52 million, when combined with the previously announced $22M worth of credits sold in July. These production tax credits were generated based on volumes of ethanol produced at GevoND and taking into account operating carbon sequestration and operating efficiencies. Gevo believes it is one of the first ethanol producer to sell Section 45Z credits directly to tax credit purchasers.
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