Lake Preston is about to get a big 21st-century employer—a one-billion-dollar refinery that will make jet fuel from local corn ethanol:
Gevo is a Colorado-based renewable chemicals and advanced biofuels company.
The company has purchased 245 acres of land near Lake Preston where it plans to build what it calls a Net-Zero 1 plant, which will produce jet fuel.
An ethanol distillery will be accompanied by a plant that can turn ethanol into jet fuel, said Pat Gruber, CEO of Gevo, Inc. The Net-Zero 1 plant will produce energy-dense liquid hydrocarbon.
…The plant will produce 54 million gallons of jet fuel a year using 37 million bushels of corn, Gruber said [Kerry Kulkarni, “$1 Billion Zero-Emissions Hydrocarbon Plant Planned for Lake Preston Will Produce Jet Fuel,” Sioux Falls Argus Leader, 2022.08.08].
According to the USDA National Agricultural Statistics Service. Kingsbury County produced 22.3 million bushels of corn last year. Lake County produced 16.0 million bushels of corn. Together those two counties could just barely meet Gevo’s supply needs.
Gevo also plans to build a 20-turbine wind farm to power the jet fuel plant and further reduce its carbon footprint. Gevo plans to break ground in September and start harvesting wind and corn power and bring about 80 jobs to Lake Preston in two years.
Takes a lot of water to cooik corn into ethanol and aren’t we currently in a drought? Diu those counties irrigate crops?
Gevo Inc. (NASDAQ: GEVO) Today’s Hot Stock
Stacy Lee
August 8, 2022
Gevo Inc. (NASDAQ:GEVO) traded at $3.26 at close of the session on Friday, 08/05/22, made an upward move of 7.59% on its previous day’s price.
Looking at the stock we see that its previous close was $3.03 and the beta (5Y monthly) reads 3.31 with the day’s price range being $3.03 – $3.32. In terms of its 52-week price range, GEVO has a high of $8.27 and a low of $2.18. The company’s stock has gained about 28.85% over that past 30 days.
*GEVO is now on my stock watch list. :0) Thanks CAH …
Utilities are not your friends.
The cost of subsidizing, manufacturing, transporting, erecting, maintaining then removing just one wind turbine eyesore bat and bird killer would take a thousand subscribers to energy self-reliance. Microgrid technologies are destined to enhance tribal sovereignty, free communities from electric monopolies and net-metering only gives control back to utilities enabled by moral hazard.
In 2021 a study at Michigan Technological University revealed that far more work is needed to ensure the owners of self-generated electricity systems are not unjustly subsidizing electric utilities.
Greenwashing: we screw the planet and score carbon credits to boot!
Subsidized corn and jet fuel for subsidized essential air service: the Chinese ring-necked pheasant truly is a canary in a glyphosate infused GMO corn mine.
An eager anonymous reader shares a link to this technology for making jet fuel out of thin air: focus a lot of solar energy onto water and CO2 pulled from regular air, break those gases into hydrogen and carbon monoxide, and turn them into kerosene. Darn—I was hoping it was a ramjet-type tech that would allow a jet to refuel while underway at altitude!
Darn—I was hoping it was a ramjet-type tech that would allow a jet to refuel while underway at altitude!
What do you think bendy straws were made for, Master?
Stock Watch: GEVO is up 4% today and 41% in the last month. “True empathy is being happy for someone else’s good fortune for no other reason than they’re better off.”