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Gevo, Inc., a leader in sustainable fuels and carbon management, today announced that it is developing plans for a potential expansion at the site of its Gevo North Dakota facility in Richardton, North Dakota by adding a second ethanol production facility with targeted production capacity of up to 75 million gallons per year of low-carbon ethanol.
“As we pursue strategic opportunities for accretive growth, the expansion of production at Gevo North Dakota is at the top of our list,” said Paul Bloom, President of Gevo.
“We believe GND is one of the best sites in the U.S., in a pro-agriculture and pro-energy state and with local farmers who continue to increase productivity year after year. We already have the core elements in place in North Dakota, including proven carbon capture and sequestration infrastructure and access to pore space. By building on the engineering and development work we started for another project, we believe that with this expansion we can efficiently deploy capital, reduce risk, and expand our carbon business while producing clean, low-carbon fuels and coproducts.”
Earlier this year, Gevo announced plans for incremental expansion of the GND ethanol facility from 67 MGPY to 75 MGPY over the next year. The integrated system at GND combines ethanol production, CO₂ capture, and permanent sequestration, which enables Gevo to monetize its carbon in voluntary carbon markets and low-carbon fuel markets, generating meaningful revenue by producing energy with reduced lifecycle carbon intensity, including cost-effective alcohol-to-jet (“ATJ”) pathways to scale production of synthetic aviation fuel (“SAF”).
Gevo will continue collaborating with state, county, and local stakeholders as it advances its expansion plans and evaluates this opportunity alongside other strategic initiatives. With the recently reaffirmed priorities of the U.S. Environmental Protection Agency’s Renewable Fuel Standard, the company is well positioned to support American farmers, strengthen rural economies, and contribute to U.S. energy dominance and independence.
Source: GLOBE NEWSWIRE
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