Gevo has withdrawn its application for a $1.46 billion Department of Energy loan guarantee for its ATJ-30 sustainable aviation fuel project. The company cited a misalignment between the DOE's enhanced oil recovery requirements and the commercial viability of the project area. To move forward, Gevo is shifting focus to its North Dakota facility, which integrates ethanol production with carbon capture and sequestration. The company aims to secure private financing by the end of 2026 to accelerate production without the restrictive conditions of the government loan.
