Renewable fuels company Gevo Inc. (GEVO) is focused on transforming renewable energy and carbon into energy-dense liquid hydrocarbons. These can be used for gasoline, jet fuel, and diesel fuel. The company makes use of low-carbon renewable resource-based carbohydrates as raw materials. Gevo recently announced a deal where BP Canada will sell the energy produced from Gevo's NW Iowa RNG subsidiary into California. The deal -- announced on August 9 -- should bring in $9 million to $16 million a year, starting in late 2022. The NW Iowa RNG project turns dairy manure into renewable natural gas.
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Gevo (NASDAQ:GEVO)
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