Gevo closes $68M Green Bond to finance RNG project
Green Car Congress
APRIL 16, 2021
Gevo, Inc. has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. The RNG Project will generate RNG captured from dairy cow manure. The feedstock for the RNG Project will be supplied by three dairy farms located in Northwest Iowa totaling more than 20,000 milking cows. When fully operational, the RNG Project is expected to generate approximately 355,000 MMBtu of RNG per year.