Gevo Secures $1.46 Billion DOE Loan for Net-Zero Aviation Fuel Project

The U.S. Department of Energy's conditional loan commitment supports Gevo's sustainable aviation fuel facility in South Dakota.

Gevo Inc. received a conditional commitment for a $1.46 billion loan guarantee from the U.S. Department of Energy to finance its Net-Zero 1 project in South Dakota.
The Net-Zero 1 facility aims to produce 60 million gallons of sustainable aviation fuel annually, achieving a net-zero carbon footprint on a lifecycle basis.
The DOE loan facility has a total borrowing capacity of $1.63 billion, including capitalized interest during construction.
Gevo's project is expected to create significant economic benefits, including over 1,300 indirect jobs during construction and 100 permanent positions.
This initiative aligns with the Biden administration's goals to boost sustainable aviation fuel production to 3 billion gallons annually by 2030.