Gevo receives DOE loan guarantee extension to April 2026; considers shift to smaller ATJ-30 project

Gevo, Inc.

DOE LPO extends conditional commitment for $1.46B loan guarantee (excl. $167M capitalized interest) until April 16, 2026.
Extension allows evaluation of potential modifications including building lower-cost 30M gal/yr ATJ-30 facility.
ATJ-30 would be located at existing ethanol/CCUS facility in North Dakota, using captured CO2 for enhanced oil recovery.
Previous project (ATJ-60) for Lake Preston, SD; scope may be modified to align with new energy policies.

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