Gevo signs master services agreement with mcdermott for sustainable aviation fuel facilities

Englewood, colo., july 24, 2023 (globe newswire) -- gevo, inc. (nasdaq: gevo) is pleased to announce it entered into a master services agreement (msa) with a subsidiary of mcdermott international, ltd to provide front end engineering and early planning services for gevo's development of multiple sustainable aviation fuel facilities in north america. the first facility, net-zero 1, is expected to be located near lake preston, south dakota. the net-zero 1 plant is expected to produce up to 65 million gallons of sustainable aviation fuel (saf), diesel, renewable gasoline that, when consumed, is designed to have a lifecycle net-zero greenhouse gas footprint.
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