Why did Gevo Inc withdraw its DOE loan application for the ATJ plant project?

Gevo Inc withdrew its loan financing application for its Alcohol-To-Jet (ATJ) plant project with the U.S. Department of Energy because the loan conditions—specifically the requirement for enhanced oil recovery (EOR)—were deemed not commercially viable in the project area.

What is Gevo Inc's plan following the withdrawal of the DOE loan application?

Following the withdrawal, Gevo Inc plans to pursue alternative financing options and aims to secure funding for the ATJ-30 project by late 2026, despite having remained unprofitable over the past twelve months.

GEVO Stock Slides 12% Premarket Following DOE Loan Withdrawal

Apr 16, 2026

GEVO shares fell 12% premarket after withdrawing its U.S. Department of Energy loan application for its Alcohol-To-Jet plant due to unviable enhanced oil recovery conditions. The company intends to secure alternative funding for the ATJ-30 project by late 2026.

GEVO Stock Slides 12% Premarket Today

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