Gevo announced it has finalized and executed a Notice of Grant and Agreement Award with the U.S. Department of Agriculture, or USDA, for a Partnerships for Climate-Smart Commodities grant of up to $30M for Gevo‘s Climate-Smart Farm-to-Flight Program. This program is aimed at tracking and quantifying the carbon-intensity, CI, impact of climate-smart practices while creating market incentives for low CI corn to help accelerate production of sustainable aviation fuel, or SAF, and low-CI ethanol. The company believes this grant will play a pivotal role in expediting the adoption of climate-smart farming practices and immediate market expansion of field-tracked, low-CI corn destined for SAF production in the area surrounding Gevo’s previously announced Net-Zero 1 SAF plant, currently under development in Lake Preston, South Dakota.
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