Gevo Announces Sell Out of Substantially All its 2026 Section 45Z Tax Credits
Key Highlights
- ➤2026 Section 45Z credits sold, totaling $70 million
- ➤Gevo (GEVO) received over $30 million cash through September 30
- ➤September 30 sale transferred $50 million credits to publicly traded company
- ➤2027 Section 45Z credits expected to add $7 to $10 million
- ➤North Dakota debottlenecking expected to raise capacity and carbon capture 10-15%
Expert Statements
Paul Bloom, Chief Executive Officer of Gevo
“We have successfully sold our expected 2026 45Z tax credit position while broadening participation beyond financial institutions to also include strategic corporate buyers”
Paul Bloom, Chief Executive Officer of Gevo
“By efficiently monetizing the value generated through our low-carbon fuel operations, we are increasing cash on the balance sheet, enhancing financial flexibility and creating additional value for shareholders.”
ENGLEWOOD, Colo., Oct. 01, 2026 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) today announced sales of substantially all of the Section 45Z tax credits generated by its ethanol and renewable natural gas (RNG) facilities in 2026, totaling $70 million worth of credits. Gevo has received over $30 million in cash from these credit sales through September 30 and expects the remaining cash to be received over the next six months. The credits were generated through the production and sale of low-carbon transportation fuels and were sold by Gevo pursuant to the credit’s transferability provisions.
On September 30, Gevo sold $50 million worth of credits to a non-financial, publicly traded company. Gevo previously sold $20 million worth of credits to Quill Financial, Inc., the parent company of Quill Bank, a Utah-based community bank providing commercial, agricultural, mortgage and consumer banking services.
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