Gevo Shares Rise After Receiving Energy Department Loan

By MarketWatch | Oct 16, 2024 at 05:44 PM EST

Gevo's stock soared by 31% in after-hours trading after securing a $1.46 billion loan guarantee from the U.S. Energy Department for its Net-Zero 1 project in South Dakota. The project aims to produce sustainable aviation fuel, protein, animal feed, and corn oil.

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