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Why Gevo believes low-carbon ethanol and carbon capture are the foundation for scaling alcohol-to-jet SAF
Description
In this episode, we speak with Paul Bloom, CEO of Gevo, who shares how low-carbon fuels, carbon capture, and technology are coming together to accelerate aviation’s path to net zero.
He discusses:
- Why Gevo stepped away from the DOE loan guarantee: The DOE loan guarantee was always one of several potential financing options for Gevo. When enhanced oil recovery (EOR) for Gevo’s CO2 co-product became a requirement, the lack of oil and gas infrastructure in North Dakota made it difficult to secure a bankable offtake agreement. Gevo is now pursuing private credit and bank financing for its ATJ-30 project.
- Carbon as a second product line: For every ton of fuel, Gevo also produces about a ton of CO2, which is sequestered and stored more than a mile underground. This helps cut the fuel’s carbon intensity by a little over 30 points, and the stored carbon also generates removal credits that Gevo sells to corporate buyers.
- Tracking how the fuel was made: Gevo’s Verity platform uses distributed ledger technology to track inputs in the fuel production process, bringing transparency, traceability, and trust to the fuel’s entire carbon story.
- The case for regional SAF supply: Rising jet fuel prices and the global availability of carbohydrate feedstocks strengthen the case for regional supply of SAF. Bloom views ATJ-30 as the first in a series of modular plants that could be deployed across regional markets to meet the rising fuel demand.
If you LOVED this episode, you’ll also love the conversation we had with Dr. Patrick Gruber, former CEO of Gevo. Check it out here.
Learn more about the innovators who are navigating the industry’s challenges to make sustainable aviation a reality, in our new book ‘Sustainability in the Air: Volume 2’. Click here to learn more.
Feel free to reach out via email to podcast@simpliflying.com. For more content on sustainable aviation, visit our website green.simpliflying.com and join the movement. It’s about time.
Links & More:
Gevo
SAF: Our cost-competitive synthetic aviation fuel can deliver sustainability - Gevo
Gevo North Dakota: Renewable fuels and carbon abatement - Gevo
Gevo advances BECCS strategy to meet rising demand for durable carbon removal - CarbonCredits.Com