Why Renewable Energy Stock Gevo Is on Fire Today
The green energy start-up uses renewable feedstocks like corn to produce liquid hydrocarbons that can be refined into jet fuel and gasoline. Gevo says its biofuels are net-zero emitters of greenhouse gas, and those products appear to be finding more takers. On Tuesday, Gevo inked its largest supply agreement yet: It signed an eight-year deal to supply 45 million gallons per year of renewable hydrocarbons, including sustainable aviation fuel, to Switzerland-based renewable fuels company Kolmar Americas.
