M&A
confidence high
sentiment positive
materiality 0.85
Gevo acquires Red Trail Energy ethanol and CCS assets for $210M
Gevo, Inc.
- Purchase price of $210M for 65M gal/yr ethanol plant and CCS facility with 1M ton/yr sequestration capacity.
- Expected to close Q1 2025 subject to regulatory approvals, equity holder vote, and financing.
- Gevo expects to become Adjusted EBITDA positive in 2025, combining Red Trail assets with RNG and Verity.
- All ~50 employees to be retained; site provides platform for future SAF and net-zero fuel production.
- CCS asset currently captures 160K tons CO2/yr generating 45Q tax credits; expansion capacity available.