Center for Advanced BioEnergy Research, University of Illinois at Urbana-Champaign

Friday, May 4, 2012

Has the Gevo hour come?

Biofuels Digest
Jim Lane
May 3, 2012

In Colorado, Gevo reported first quarter revenues of $14.9 million compared to $15.3 million in the same period in 2011 reflecting an increase in grant and research and development program revenue and a decrease in ethanol sales. The net loss for the first quarter of 2012 was $19.3 million compared to $9.3 million for the first quarter of 2011. The company is now expected to raise additional capital this month to support the conversion of Redfield.

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