Gevo (GEVO) said Wednesday that equity stakeholders of Red Trail Energy voted to approve Gevo's planned $210 million cash acquisition of its ethanol production plant and carbon capture and sequestration assets.
Gevo said the acquisition will help it achieve its goal of transforming renewable carbon and photosynthetic energy into net-zero liquid transportation fuels and chemicals while lowering carbon emissions.
The transaction is expected to be completed in Q1.
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