Renewable chemicals and biofuels company Gevo has acquired an ethanol production plant and carbon capture and sequestration (CCS) assets of Red Trail Energy to expand sustainable aviation fuel (SAF) production.
The assets, which also include pore space and operations personnel, were acquired for $210m and have been renamed Net-Zero North. In 2021, Gevo teased the concept of its Net-Zero projects.
Net-Zero 1, the first project in the expected series, hopes to produce around 65 million gallons per annum of liquid hydrocarbons in the form of SAF or renewable gasoline.
Additionally, the project is expected to produce at least 695,000 tonnes per year of high-value nutritional products, as well as approximately 34 million pounds of corn oil.
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