U.s. department of agriculture selects gevo's climate-smart farm-to-flight proposal with a funding ceiling of $30mm

Englewood, colo., sept. 19, 2022 (globe newswire) -- gevo, inc. (nasdaq: gevo) is pleased to announce that the u.s. department of agriculture has selected gevo's climate-smart farm to flight proposal for funding with an award ceiling of up to $30 million. gevo's project was one of the 70 projects selected by the usda under the first pool of the partnerships for climate-smart commodities funding opportunity totaling $2.8 billion. the project aims to create critical structural climate-smart market incentives for low carbon-intensity corn as well as to accelerate the production of sustainable aviation fuel to reduce the sector's dependency on fossil-based fuels.
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