Revenue Growth and Positive EBITDA Outlook
Generated $29 million in revenue in Q1 2025 with only two months of operations at Gevo North Dakota. The company anticipates being EBITDA positive this year, indicating a strong growth trajectory.
Gevo North Dakota Performance
Gevo North Dakota produced over 11 million gallons of low carbon ethanol, over 40,000 tons of high protein animal feed, and 3 million pounds of corn oil in just two months, showcasing strong operational performance.
Positive Market Reception and Strategic Partnerships
Signed a groundbreaking offtake agreement with Future Energy Global, highlighting the market's recognition of Gevo's carbon attributes and expanding its market reach.
45Z Tax Credit Approval and Monetization
Received IRS approval to apply for the 45Z tax credit, expected to significantly boost EBITDA growth. Gevo North Dakota is one of only two ethanol plants benefiting from this credit.
Carbon Abatement Success
Captured and sequestered 29,000 metric tons of CO2, generating over 100,000 metric tons of carbon abatement last quarter, positioning Gevo as a leader in carbon sequestration.