Gevo, Inc. announces a leadership change as founder Patrick Gruber transitions to executive chair and President Paul Bloom steps in as CEO in April. The company is focused on improving profitability at the North Dakota site, debottlenecking capacity, and advancing “Project Northstar” for ATJ production.

Gevo sees a U.S. jet fuel shortfall of 2.3 billion gallons by 2035 as an opportunity, with expectations of $150-$200 million in revenue and a path to higher EBITDA. The company aims to install an ATJ30 plant for roughly 30 million gallons, requiring project-level financing.

Gevo executives emphasize their strategy of producing “drop-in” fuels compatible with existing infrastructure, blending with conventional jet fuel, and tracking sustainability attributes. The company plans to increase capacity to 75 million gallons, monetize co-products, and focus on profitability, EBITDA growth, and carbon value.

Gevo is working on financing for the ATJ30 plant, which is expected to cost over $500 million in total installed capital. The company aims to increase revenue to $150-$200 million annually, with a focus on EBITDA growth and operating cash flow positivity. Gevo is also exploring technology development and partnerships.

Gevo is a renewable chemicals and biofuels company focused on producing low-carbon alternatives to petroleum-based products. The company’s core technology converts fermentable sugars into isobutanol for sustainable aviation fuel and other hydrocarbon products. Gevo’s integrated biorefinery model aims to deliver scalable, drop-in replacements for fossil-derived hydrocarbons.

Read more at Yahoo Finance: Gruber to Executive Chair as Bloom Takes Helm, Eyes Northstar ATJ30 Expansion