Gevo (GEVO) said Wednesday that equity stakeholders of Red Trail Energy voted to approve Gevo's planned $210 million cash acquisition of its ethanol production plant and carbon capture and sequestration assets.
Gevo said the acquisition will help it achieve its goal of transforming renewable carbon and photosynthetic energy into net-zero liquid transportation fuels and chemicals while lowering carbon emissions.
The transaction is expected to be completed in Q1.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments