Gevo and ClimeFi complete carbon removal transaction, advancing Gevo's growing carbon business. Transaction supports Gevo's path toward a carbon business exceeding $30 million in annual revenue from existing operations. October 08, 2026 08:13 ET | Source: Gevo, Inc. ENGLEWOOD, Colo., Oct. 08, 2026 (GLOBE NEWSWIRE) - Gevo, Inc. (NASDAQ: GEVO) today announced the successful sale and delivery of 10,000 carbon dioxide removal credits through ClimeFi to the ultimate corporate buyer as part of its carbon management strategy. "This transaction demonstrates that the market recognizes the value of permanent carbon removals generated from proven infrastructure and real-world..." "This transaction demonstrates growing demand for high-integrity, permanent carbon removals and validates Gevo's strategy of building a durable, diversified..." "With proven sequestration infrastructure, commercial operations and access to both compliance and voluntary carbon markets, we believe our existing..." "Demand for high-quality, durable carbon removals continues to accelerate as more corporations enter the market with the goal to move beyond climate..." The transaction demonstrates growing demand for durable carbon removals generated at Gevo North Dakota, where biogenic carbon dioxide from ethanol production is captured and permanently stored through geologic sequestration. Since carbon capture operations began at the facility, it has generated more than 700,000 tons of carbon dioxide removal. "This transaction validates Gevo's strategy of building a durable, diversified carbon business alongside our low-carbon fuels platform," said Gevo Chief Executive Officer Paul Bloom. "With proven sequestration infrastructure, commercial operations and access to both compliance and voluntary carbon markets, we believe our existing operations can support a growing carbon business and create a meaningful contributor to earnings, cash generation and shareholder value." ClimeFi serves as a partner for corporate buyers in building and managing carbon removal portfolios. Through this transaction, ClimeFi sourced and facilitated the transfer of Gevo's carbon removal credits to support the buyer's carbon management strategy. "Customers looking for high-integrity carbon credits can count on Gevo to deliver," said Gevo Chief Carbon Officer Alex Clayton. "As more corporations enter the market, we will continue to provide permanent carbon removals generated from proven infrastructure and real-world operations." The sale reflects growing interest in bioenergy with carbon capture and storage (BECCS) as a scalable source of durable carbon removal. Gevo believes its Gevo North Dakota project is among the first commercial-scale U.S. BECCS projects delivering verified carbon removal credits to the voluntary carbon market. About Gevo North Dakota's Carbon Project At Gevo North Dakota, carbon dioxide (CO[2]) from fermentation is stored more than a mile beneath the plant, with permanence exceeding 1,000 years and no pipeline needed. Each stored ton can generate a carbon dioxide removal (CDR) credit, which companies buy to offset emissions. According to CDR.fyi, across the CDR market, only about 3% of roughly 50 million contracted tons has been delivered. Gevo is among those delivering CDR credits, serving customers such as Nasdaq and Whirlpool. Amgen and PayPal appear on its registry as well through purchases from intermediaries. About Gevo Gevo is a next-generation diversified energy company committed to fueling America's future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo's innovative technology can be used to make a variety of renewable products, including sustainable aviation fuel (SAF), motor fuels, chemicals, and other materials that provide U.S.-made solutions. Gevo's business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates an ethanol plant with an adjacent carbon capture and storage (CCS) facility and Class VI carbon-storage well. Gevo also owns and operates one of the largest dairy-based renewable natural gas (RNG) facilities in the United States, turning by-products into clean, reliable energy. Additionally, Gevo developed the world's first production facility for specialty alcohol-to-jet (ATJ) fuels and chemicals operating since 2012. Gevo is currently developing the world's first large-scale ATJ facility to be co-located at our North Dakota site. Gevo's market-driven "pay-for-performance" approach regarding carbon and other sustainability attributes helps deliver value to our local economies. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring, and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market. Forward-Looking Statements Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, the expected strength and size of Gevo's carbon business, expected market demand for carbon removals and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2025, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Praj Industries collaborates with Gevo for Bio-Isobutanol technology in India. Development & Commercialization Agreement Praj Industries collaborates with Gevo for Bio-Isobutanol technology in India. Related Vendors Under a development & commercialization agreement signed between Praj Industries and Gevo, both the companies will work together for the commercialization of the Bio-IBA technology in India. Pune/India - Praj Industries and Gevo have recently announced the signing of a Development & Commercialization Agreement for Bio-Isobutanol (Bio-IBA) technology in India, reinforcing their long-standing association to advance sustainable low-carbon fuel solutions. Under the agreement, Praj will lead the commercialization of Bio-IBA technology in India, with exclusive rights to deploy the technology in the country. The partnership will focus on developing commercial opportunities for Bio-IBA, with primary emphasis on diesel blending applications that have the potential to reduce the carbon intensity of one of the world's most widely used transportation and industrial fuels. The agreement builds upon more than a decade of association between the two companies to adapt, develop and advance Bio-IBA technology for Indian feedstocks and market requirements. Praj's deep understanding of India's sugar- and starch-based feedstocks, its expertise in engineering, project execution, scale-up and market development, combined with Gevo's Bio-IBA technology, will support its scale-up and commercial adoption in India. In a separate development aligned with the broader objective of advancing Bio-IBA adoption, Praj is currently establishing India's first commercial Bio-IBA demonstration plant for a leading Oil Marketing Company (OMC). The project is being designed, engineered, supplied and erected by Praj based on Gevo's licensed Bio-IBA technology. The demonstration plant is expected to play an important role in validating production, supply chain and market-development pathways for future commercialization opportunities in India. Bio-IBA presents a promising opportunity for reducing the carbon footprint of diesel across a wide range of applications, including transportation, agriculture, mining, construction and industrial operations. Given India's large diesel economy and abundant renewable feedstock resources, Bio-IBA has the potential to become an important component in the country's transition towards lower-carbon fuels. Encouragingly, stakeholders across the value chain, including fuel producers, vehicle and equipment manufacturers, research institutions and end users, are actively working towards enabling Bio-IBA-based diesel blending in India. Multiple initiatives aimed at technology validation, application development, regulatory assessment and supply-chain preparedness are progressing in parallel, reflecting growing industry interest in bringing diesel blending solutions to commercial reality. "This agreement marks an important milestone in our relationship with Praj and in the advancement of Bio-IBA in India," said Gevo Chief Executive Officer Paul Bloom. "Gevo brings proven renewable isobutanol technology and commercialization experience, while Praj contributes deep expertise in engineering, deployment and market development. Together, we are creating a framework to unlock new opportunities for Bio-IBA, particularly in diesel applications, while supporting broader decarbonization objectives." "Our collaboration with Gevo has steadily evolved through technology development, application innovation and market-building efforts over the years," said Dr. Pramod Chaudhari, Founder Chairman, Praj Industries. "This Development & Commercialization Agreement establishes a strong foundation for bringing Bio-IBA to the Indian market. We believe Bio-IBA has the potential to emerge as an important renewable fuel solution for the diesel economy, complementing India's broader energy transition and sustainability goals." Don't miss out on its best content. Unfold for details of your consent Beyond diesel applications, Bio-IBA also serves as a platform molecule for the production of Sustainable Aviation Fuel (SAF) and other renewable chemicals, further highlighting its versatility and long-term strategic importance within the emerging bioeconomy. According to the Petroleum Planning & Analysis Cell (PPAC), India consumed approximately 94.7 million tonnes of high-speed diesel in FY2025-26, underscoring the significant opportunity for innovative low-carbon fuel solutions that can support the nation's energy security and decarbonization ambitions. (ID:50967348)

Jet fuel manufacturer announces departure from South Dakota. Aug. 17, 2026 A Colorado-based company that at one point had announced a $2.6 billion ethanol-based jet fuel plant in South Dakota has pulled away from the state. In its most recent earnings report, Gevo confirmed it is exiting the project in South Dakota, known as ATJ-60. It held a ceremonial groundbreaking in the fall of 2022. The proposed facility was one of several biorefineries that would have been connected to a proposed carbon capture and sequestration pipeline from Summit Carbon Solutions, which ended up facing legal and regulatory challenges. Gevo instead is investing its capital into North Dakota facilities. "Our carbon business strategy is working, and Gevo North Dakota is a strategic asset for profitable growth," CEO Paul Bloom said in a statement. "Exiting our ATJ-60 project in South Dakota and other non-core projects and recognizing a one-time, non-cash impairment reflects our disciplined approach to prioritize the most attractive near-term growth while enabling long-term value creation." Gevo had planned to build on 245 acres near Lake Preston. The recent quarterly earnings report included a one-time non-cash impairment charge of $176 million related to capitalized development costs and reflecting the decision to exit all activities related to low-carbon ethanol and sustainable aviation fuel production in Lake Preston to focus on capital projects at Gevo North Dakota, just outside Richardton in the western part of the state. "Our Gevo North Dakota complex is better suited to support a strategic platform growth than the Lake Preston, South Dakota, site we were previously developing," Bloom said on an earnings call. "Gevo North Dakota combines one of the strongest active on-site carbon capture and sequestration capabilities in the world, with access to advantaged local feedstocks, established rail and truck logistics, an experienced operating workforce, available land and pore space capacity for future growth, and it's in a business-friendly state that supports agriculture, energy and carbon management." The move resulted in a second quarter net loss of $77 million, or 75 cents per share, though gross profit for the first half of the year ending June 30 was $36 million, compared with $21 million in the same period last year. "Gevo delivered strong second quarter operational results and unlocked significant carbon business revenue that is expected to begin in the third quarter," Bloom added. The company improved its full year 2026 outlook to anticipate earnings exceeding $60 million, more than double the previous target. "Gevo has a powerful growth platform centered on commodities, carbon and incentives," Bloom said. "We have focused development around our existing operations, improving margins and near-term cash flow, with a portfolio of growth projects that we believe will create substantial shareholder value."