Gevo Inc. to acquire Red Trail Energy's ethanol plant, ethanol carbon capture assets in North Dakota for $210M, aiming for profitability by 2025.

Gevo Inc. plans to acquire Red Trail Energy's ethanol plant and carbon capture assets in North Dakota for $210 million. This deal is poised to enhance Gevo's sustainable aviation fuel production capabilities and is expected to lead to profitability by 2025. The facility has a current carbon sequestration capacity of 160,000 metric tons annually, with potential to reach 1 million metric tons. The acquisition is subject to regulatory approvals and aims to preserve current jobs.

September 12, 2024
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