Gevo Sells $70 Million Worth of 2026 Section 45Z Tax Credits

ENGLEWOOD, Colo., Oct. 01, 2026 /CourierPR/ -- Gevo, a next-generation diversified energy company, has announced the sale of substantially all of its 2026 Section 45Z tax credits, totaling $70 million worth. The credits, generated through the production and sale of low-carbon transportation fuels, were sold by the company pursuant to the credit’s transferability provisions.

As of September 30, Gevo had received over $30 million in cash from these credit sales. The company anticipates receiving the remaining cash over the next six months. Specifically, on September 30, Gevo sold $50 million worth of credits to a non-financial, publicly traded company. Previously, it had sold $20 million worth of credits to Quill Financial, Inc., the parent company of Quill Bank, a Utah-based community bank.

The company expects to produce an additional $7 to $10 million worth of Section 45Z tax credits in 2027 due to the anticipated completion of debottlenecking activities at Gevo North Dakota. This is expected to increase production capacity and associated carbon capture by 10-15%. The debottlenecking remains on track to be completed by the end of 2026.

Gevo’s innovative technology can be used to make a variety of renewable products, including sustainable aviation fuel (SAF), motor fuels, chemicals, and other materials. The company’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates an ethanol plant with an adjacent carbon capture and storage (CCS) facility and Class VI carbon-storage well. It also owns and operates one of the largest dairy-based renewable natural gas (RNG) facilities in the United States, turning by-products into clean, reliable energy. Additionally, Gevo developed the world’s first production facility for specialty alcohol-to-jet (ATJ) fuels and chemicals, operating since 2012. Gevo is currently developing the world’s first large-scale ATJ facility to be co-located at its North Dakota site.

According to the release, forward-looking statements in the document relate to the financial aspects of the 45Z tax credit sales, future 45Z tax credit production and sales, and the effects of the 45Z sales transactions on Gevo’s cash flows, gross margin, and adjusted EBITDA. These statements are made on the basis of the current beliefs, expectations, and assumptions of the management of Gevo and are subject to significant risks and uncertainties.