Gevo signs MSA with subsidiary of McDermott for SAF facilities

Gevo announces it entered into a Master Services Agreement, MSA, with a subsidiary of McDermott International to provide front end engineering and early planning services for Gevo‘s development of multiple sustainable aviation fuel, SAF, facilities in North America. The first facility, Net-Zero 1, is expected to be located near Lake Preston, South Dakota. The Net-Zero 1 plant is expected to produce up to 65 million gallons of sustainable aviation fuel, diesel, renewable gasoline that, when consumed, is designed to have a lifecycle net-zero greenhouse gas footprint. Under the scope of the MSA, McDermott will provide engineering, execution planning and pricing for the engineering, procurement, and construction phase of Gevo’s Net-Zero 1 project. “Gevo’s Net-Zero Plant Design with its focus on carbohydrates as feedstock, has been carefully chosen for its exceptional cost-effectiveness, reliability, and scalability to meet the surging demand for sustainable aviation fuel and renewable hydrocarbons. This MSA is the first step towards adding McDermott as a project EPC partner. In addition to Axens, Praj, and Fluid Quip, adding McDermott to our team, fortifies further our capabilities in project execution and modularization, especially when teamed with Praj. In an increasingly challenging project environment over the past years, this collaboration is designed to ensure we stay on track, manage costs, execute our NZ-1 project, and be capable of executing additional NZ projects,” stated Dr. Chris Ryan, President and Chief Operating Officer of Gevo.