Gevo secures $1.46B conditional DOE LPO loan commitment for Net-Zero 1 SAF plant

Gevo, Inc.

DOE LPO conditional commitment for loan guarantee up to $1.46B ($1.63B with capitalized interest) for NZ1 in Lake Preston, SD.
NZ1 designed to produce ~60M gallons of SAF, ~1.3B lbs of protein/feed, and ~30M lbs of corn oil per year.
Projected high-teens equity returns; CRA study estimates >1,300 construction jobs and $100M+ annual economic impact.
Final financing subject to technical, legal, environmental, commercial, and financial conditions before DOE funds.
First-ever large-scale alcohol-to-jet SAF project to receive DOE LPO conditional commitment.

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