GEVO Loan Guarantee Extended

The Trump administration is extending a $1.46 billion loan guarantee to Gevo, a company producing sustainable aviation fuel from corn ethanol. Gevo is considering moving the guarantee from its Lake Preston, South Dakota plant to the Richardton, North Dakota facility acquired earlier this year, due in part to delays with a carbon dioxide pipeline in South Dakota. The shift would reduce the size of the loan guarantee, and the extension to April 2026 allows time to adjust the project to align with administration energy policies.