Gevo Sells Luverne, MN Ethanol Plant

Gevo has completed the sale of its Agri-Energy ethanol plant at Luverne, Minnesota. The new owner, AE Innovation, plans to resume ethanol production at a facility that has been shut down for the past five years. Gevo retained ownership of the majority of the assets to produce low-carbon isobutanol as a feedstock for jet fuel and other products.