Gevo to Acquire ND Ethanol Plant

An ownership change is happening for the ethanol plant in Richardton, North Dakota. Gevo has agreed to acquire Red Trail Energy for $210 million. That price includes the ethanol plant and Red Trail’s carbon capture and sequestration asset. This is a 65 million gallon per year ethanol facility with pore space lease agreements for 5,800 acres in the Broom Creek formulation, sufficient for one million metric tons of carbon capture and sequestration annually. This deal expands Gevo’s future sustainable aviation fuel platform. Gevo is headquartered in Colorado.