Gevo (GEVO) Enters ATJ Supply Heads of Agreement with Lufthansa
(Street Insider) Gevo, Inc. (Nasdaq: GEVO) announced that it has entered into a heads of agreement with Deutsche Lufthansa AG (“Lufthansa”) to supply Gevo’s alcohol-to-jet fuel (ATJ) from its first commercial hydrocarbons facility, intended to be built in Luverne, MN. The terms of the agreement contemplate Lufthansa purchasing up to 8 million gallons per year of ATJ from Gevo, or up to 40 million gallons over the 5 year life of the off-take agreement. READ MORE and MORE (Biofuels Digest) and MORE (Denver Business Journal) and MORE (Ethanol Producer Magazine)