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Stock impact report

Gevo’s Verity and ClearFlame Announce Transportation Decarbonization Collaboration

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., May 07, 2024 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO), along with its wholly owned subsidiary, Verity Holdings, LLC, (“Verity”), and ClearFlame Engine Technologies, Inc., (“ClearFlame”) announced today a collaboration to drive decarbonization traceability from field-to-fleet for the road freight transportation market in the United States, which consumes an estimated 29 billion gallons of fuel every year.  Under this collaboration, the parties intend to use Verity’s proprietary carbon accounting software to authenticate the carbon intensity (CI) of biofuels derived from crops grown on U.S. farms to their consumption in ClearFlame-equipped trucks. The Verity platform would track environmental attributes from field-to-fleet. At the field level, data regarding the greenhouse gas (GHG) emissions required to grow a crop are tracked to calculate a CI score for the crop, e.g., corn. That corn is then processed by an ethanol plant where the energy usage, potenti Show less Read more
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