Gevo Plans Sustainable Aviation Fuel Plant in North Dakota
Fargo, ND — Demand for jet fuel is rising while gasoline consumption is decreasing, prompting Gevo Inc. to announce plans for a new sustainable aviation fuel (SAF) plant. Chris Ryan, president and COO of Gevo, shared the company’s vision during the Midwest Agriculture Summit last week, highlighting the strategic shift at the recently acquired Red Trail Energy ethanol plant located in Richardton, North Dakota.
Gevo, a Colorado-based company, purchased the corn-based ethanol facility last year and is now looking to diversify its production to meet the growing need for low-carbon jet fuel. Ryan estimates that developing the SAF plant could cost around $500 million, with the project still several years away from realization.
As the aviation industry pivots towards more sustainable practices, Gevo aims to seize the opportunity by enhancing its biofuel offerings. Ryan’s comments underscore the changing dynamics in energy consumption, reflecting a significant shift in the market landscape.
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