Gevo Withdraws from DoE Loan Program, Seeks Alternative Funding for ATJ-30 Project
Gevo (GEVO) announced it has withdrawn its application for a loan guarantee from the U.S. Department of Energy, opting to seek alternative funding for its ATJ-30 sustainable aviation fuel project. The company's stock fell 11.6% in after-hours trading following the announcement.
Topics: corporate strategy funding loan guarantee sustainable aviation fuel