Gevo’s Net-Zero 1 invited by US DOE for $950 million loan guarantee

Gevo’s Net-Zero 1 ethanol-to-jet project has been invited by the US Department of Energy (DOE) to the due diligence and term sheet negotiation phase for a $950 million loan guarantee under the Title 17 Clean Energy Financing Program. This key milestone marks the successful completion of the phase II application and diligence process, which Gevo publicly announced on January 19, 2023. Most importantly, this milestone signifies the commencement of the underwriting phase for the debt financing process. “We believe that reaching this stage with the DOE is a critical milestone and illustrative of Gevo’s progress in developing Net-Zero 1. We