Gevo gets extension on U.S. energy department's loan commitment for SAF project
10/15/2025 9:00:00 AM
Gevo has secured an extension from the U.S. Department of Energy (DOE) on its conditional commitment to guarantee a $1.46-B loan for the renewable fuels company's aviation fuel project in Lake Preston, South Dakota (U.S.).
The extension granted by the department's loan programs office pushes the deadline to April 16, 2026, allowing time to evaluate potential changes to the project scope.
Among the proposed modifications is the construction of a lower cost 30-MMgpy (gallon per year) jet fuel facility 'ATJ-30' at Gevo's existing ethanol and carbon capture site in North Dakota.
Last year, the U.S. DOE approved conditional loan guarantee commitments totaling nearly $3 B for two sustainable aviation fuel (SAF) projects for Calumet and Gevo.
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