Why did Gevo abandon its planned sustainable aviation fuel (SAF) plant in Lake Preston, South Dakota?

Gevo abandoned its plans to build a multi-billion-euro sustainable aviation fuel (SAF) plant in Lake Preston, South Dakota due to difficulties in securing the necessary CO₂ transport and storage infrastructure.

What is Gevo’s new strategic focus following the cancellation of the SAF plant project?

Following the cancellation, Gevo will instead focus on expanding and upgrading its ethanol production and carbon capture operations in North Dakota, which is expected to drive an increased adjusted EBITDA guidance for 2026 and benefit from the US Section 45Z clean fuels tax credit and Canada's clean fuel compliance market.

Gevo Abandons SAF Plant Plans

Aug 18, 2026

Gevo Inc canceled its planned sustainable aviation fuel plant in South Dakota due to CO2 infrastructure challenges. The company will instead expand ethanol production and carbon capture operations in North Dakota, citing tax credit incentives.

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