Gevo intends to build a renewable fuels production plant in Lake Preston
Type of post: NEWS IN BRIEF.
Gevo has announced that it has reserved the right to purchase approximately 239 acres of land near Lake Preston (South Dakota, USA), meeting the initial milestone to secure control of a site for one of its expansion projects.
Press releases: “Gevo Options Site for Expansion Project”, 21/12/2020; “Koch Project Solutions to Execute Gevo Expansion Projects”, 04/01/2021.
Related posts:
- “Gevo and Lufthansa sign agreement for commercial supply of renewable Alcohol-To-Jet Fuel”, 8/9/2016.
- “Air TOTAL and Gevo enter into agreement on producing and supplying sustainable aviation fuel”, 17/8/2019.
- “Gevo signs sustainable aviation fuel sales agreement with Scandinavian Airline System”, 19/11/2019.
Gevo pursues a licensing and developer strategy that is expected to enable the construction of up to three production facilities and capacity expansions. The production facility planned for Lake Preston is contemplated to produce about 45 Mgal per year of jet fuel and renewable gasoline products. Gevo intends to make a decision on whether to purchase the Lake Preston site in the future as part of the Citigroup led project financing.
Moreover, Gevo has engaged Koch Project Solutions, LLC to provide front end engineering, design and project execution management services for its expansion projects.
