GlobeNewswire·Oct 22, 2026, 8:23 AM ET

Gevo Provides Business Update, Anticipates Carbon Business to Deliver Over $50 Million of Revenue in 2026

GEVO

Gevo Inc. anticipates generating over $50 million in revenue from its carbon business in 2026, a figure independent of U.S. federal Section 45Z tax incentives.
Approximately $20 million in revenue was unlocked in Q3 2026 through the sale of banked Canadian Clean Fuel Regulation credits generated from prior ethanol volumes.
Excluding previously banked credits, the carbon business is expected to contribute $30 million annually based on current production rates & market conditions.
Gevo sold $70 million worth of Section 45Z tax credits for 2026, representing substantially all credits expected from its renewable natural gas & low-carbon ethanol production.
Debottlenecking efforts to increase Gevo North Dakota ethanol capacity & carbon capture by 10-15% are on track for completion ahead of schedule in Q4 2026.
The planned Gevo North Dakota expansion, expected to double capacity & revenues, is targeted for a final investment decision in Q4 2026 with completion anticipated in 2028.
Upon completion, the expansion aims to raise ethanol production to 150 million gallons annually & enable the capture & permanent storage of over 400,000 tons of carbon dioxide per year.
The company is growing its presence in voluntary carbon markets through spot & multi-year deals with intermediaries such as ClimeFi & CEEZER.
Gevo's carbon removal credits are currently being purchased by clients including Nasdaq, Whirlpool, Amgen, & PayPal through various intermediaries.
The planned facility expansion will provide additional low-carbon ethanol feedstock for future sustainable aviation fuel production while expanding carbon business revenue streams.