Gevo signs $12.4M supply deal with Shell for low-carbon racing fuel blendstock

Gevo, Inc.

Five batches of 2GFuel to Shell for total consideration of $12.4M.
Shell to make prepayments of $2.9M upon milestone events.
Agreement expires December 31, 2027; other products may be added.
Most-favored-customer clause: Shell gets lower price if Gevo sells to qualified fuel suppliers cheaper.
Gevo's blendstock derived from sustainable feedstocks (EU RED Annex IX).

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