Gevo Secures $1.46B for Sustainable Fuel Project

Gevo, an advanced renewable energy firm, has secured funding for its Net-Zero 1 (NZ1) sustainable aviation fuel project in South Dakota from the US Department of Energy (DOE) Loan Programs office (LPO). The LPO has granted conditional commitment for a loan guarantee totaling $1.46 billion, excluding capitalized interest during construction.

The NZ1 facility, located in Lake Preston, South Dakota, is poised to become the world’s first large-scale net-zero-emissions alcohol-to-jet (ATJ) production facility. Gevo plans to use entirely U.S. sourced feedstocks to produce sustainable aviation fuel (SAF), protein, animal feed products, and corn oil.

Gevo’s ATJ process will provide a non-fossil-based alternative jet fuel for commercial use. The DOE’s conditional commitment is a major milestone for NZ1, signaling the project’s potential to create significant economic benefits and drive job growth in South Dakota. 

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