US Offers Gevo $1.46 Billion in Financing for Clean Fuel Project

Bloomberg

16 Oct 2024

(Bloomberg) -- The Biden administration is offering biofuel company Gevo Inc. $1.46 billion in financing for a large-scale facility that turns corn starch into jet fuel in Lake Preston, South Dakota.

The conditional loan guarantee, announced by the US Energy Department Wednesday for the Englewood, Colorado-based company’s Net-Zero 1 project, helps spur production of sustainable aviation fuel, renewable diesel and renewable naphtha, the government said in a statement.

The Energy Department’s Loans Program Office also announced Wednesday it was offering $1.44 billion in a conditional financing to Calumet Inc. subsidiary Montana Renewables LLC to finance the expansion of a renewable fuels facility in Great Falls, Montana. The plant will utilize vegetable oils, fats, and greases to produce sustainable aviation fuel, renewable diesel and renewable naphtha.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

No relevant data is available

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2476970883"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2476970883\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2476970883?lang=en_US&edition=fundamental","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/PN7LMWWNBUG7IFY55PJRSKVHRY.jpg?smart=true&auth=d27458f2a3c120322ab222610dbda0557c6300703cc34ea01685491c073ed5b4&width=500&height=333","is_english":true,"pubTime":"2024-10-17 04:58","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2476970883","market":"us","top_or_hot":-1,"title":"US Offers Gevo $1.46 Billion in Financing for Clean Fuel Project","media":"Bloomberg","content":"<html><body><article><p>(Bloomberg) -- The Biden administration is offering biofuel company <a href=\"https://laohu8.com/S/GEVO\">Gevo Inc.</a> $1.46 billion in financing for a large-scale facility that turns corn starch into jet fuel in Lake Preston, South Dakota. </p><p>The conditional loan guarantee, announced by the US Energy Department Wednesday for the Englewood, Colorado-based company’s Net-Zero 1 project, helps spur production of sustainable aviation fuel, renewable diesel and renewable naphtha, the government said in a statement. </p><p>The Energy Department’s Loans Program Office also announced Wednesday it was offering $1.44 billion in a conditional financing to Calumet Inc. subsidiary Montana Renewables LLC to finance the expansion of a renewable fuels facility in Great Falls, Montana. The plant will utilize vegetable oils, fats, and greases to produce sustainable aviation fuel, renewable diesel and renewable naphtha.</p><p>©2024 Bloomberg L.P.</p></article></body></html>","source":"bnn_bloomberg_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Offers Gevo $1.46 Billion in Financing for Clean Fuel Project</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Offers Gevo $1.46 Billion in Financing for Clean Fuel Project\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-17 04:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bnnbloomberg.ca/investing/commodities/2024/10/16/us-offers-gevo-146-billion-in-financing-for-clean-fuel-project/><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The Biden administration is offering biofuel company Gevo Inc. $1.46 billion in financing for a large-scale facility that turns corn starch into jet fuel in Lake Preston, South Dakota. ...</p>\n\n<a href=\"https://www.bnnbloomberg.ca/investing/commodities/2024/10/16/us-offers-gevo-146-billion-in-financing-for-clean-fuel-project/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4138","symbol_name":"石油与天然气的炼制和营销","start_time":0,"source_url":"https://www.bnnbloomberg.ca/investing/commodities/2024/10/16/us-offers-gevo-146-billion-in-financing-for-clean-fuel-project/","article_id":"2476970883","we_media_id":null,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/PN7LMWWNBUG7IFY55PJRSKVHRY.jpg?smart=true&auth=d27458f2a3c120322ab222610dbda0557c6300703cc34ea01685491c073ed5b4&width=500&height=333"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2476970883","pubTimestamp":1729112298,"columns":[],"sourceInfo":{"source_id":"bnn_bloomberg_highlight","name":"Bloomberg"},"weMediaInfo":null,"summary":"The Biden administration is offering biofuel company Gevo Inc. $1.46 billion in financing for a large-scale facility that turns corn starch into jet fuel in Lake Preston, South Dakota.","collect":0,"end_time":0,"defaultTopTitle":"bnnbloomberg.ca","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4138":"石油与天然气的炼制和营销","GEVO":"Gevo Inc."},"translate_title":"美国为Gevo清洁燃料项目提供14.6亿美元融资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GEVO":1},"content_text":"(Bloomberg) -- The Biden administration is offering biofuel company Gevo Inc. $1.46 billion in financing for a large-scale facility that turns corn starch into jet fuel in Lake Preston, South Dakota. The conditional loan guarantee, announced by the US Energy Department Wednesday for the Englewood, Colorado-based company’s Net-Zero 1 project, helps spur production of sustainable aviation fuel, renewable diesel and renewable naphtha, the government said in a statement. The Energy Department’s Loans Program Office also announced Wednesday it was offering $1.44 billion in a conditional financing to Calumet Inc. subsidiary Montana Renewables LLC to finance the expansion of a renewable fuels facility in Great Falls, Montana. The plant will utilize vegetable oils, fats, and greases to produce sustainable aviation fuel, renewable diesel and renewable naphtha.©2024 Bloomberg L.P.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}

If the download button clicks without skipping, click on the top right menu and select "Open in Browser."

Consult now
Download APP
Scan QR code to download the app.