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Stock impact report

Delta enters offtake agreement with Gevo for 10 million gallons per year of sustainable aviation fuel, creates long-term carbon solution

Gevo, Inc. (GEVO) 
Last gevo, inc. earnings: 11/12 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gevo.com
Company Research Source: GlobeNewswire
ENGLEWOOD, Colo., Dec. 17, 2019 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ:  GEVO) – Delta’s work to create a sustainable future continues with a long-term offtake agreement under which Delta will purchase 10 million gallons per year of advanced renewable biofuels from Gevo. Sustainable aviation fuels provide significant environmental benefits because the lifecycle carbon footprint can be up to 75 percent less than conventional jet fuel. Delta’s agreement with Gevo complements the airline’s recent $2 million investment in Northwest Advanced Bio-fuels, LLC for the feasibility study of a facility to produce sustainable aviation fuel and other biofuel products in Washington State. The airline’s investment in sustainable fuel is only one example of Delta’s work to positively impact the environment, maintain its commitment to carbon neutral growth and reduce emissions 50 percent by 2050. “Long term investments such as our agreement with Gevo are critical to Delta’s goal to lower our carbon Show less Read more
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