Gevo Sells Remaining 2025 Section 45Z Tax Credits for $30 Million
Reuters
Nov 05
Gevo Sells Remaining 2025 Section 45Z Tax Credits for $30 Million
Gevo Inc. announced the contracted sale of its remaining Section 45Z Clean Fuel Production Credits for 2025 from its Gevo North Dakota facility, totaling $30 million. The credits were sold to Stifel Financial Corp. and Capital Community Bank, bringing the total contracted sales for 2025 to $52 million when combined with $22 million worth of credits sold earlier in the year. The credits were generated based on ethanol production volumes at the facility, taking into account carbon sequestration and operating efficiencies. The company stated that the proceeds from these sales will be used to reinvest in its ethanol and carbon businesses.
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