September 19, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--Gevo Incorporated (NASDAQ:GEVO) (Englewood, Colorado), which specializes in the development of net-zero hydrocarbon fuels, broadened its market footprint earlier this week with a $210 million purchase of Red Trail Energy's (Richardton, North Dakota) ethanol-production and carbon capture and sequestration (CCS) assets.

The move also boosts Gevo's presence in North and South Dakota, where Industrial Info is tracking more than $3.6 billion worth of active and proposed projects for the production of renewable natural gas (RNG), renewable diesel and "green" commodities such as hydrogen, methanol and ammonia. Red Trail's ethanol plant in Richardton, North Dakota, produces about 64 million gallons per year. It completed the addition of a CCS unit in 2022, which captures up to 180,000 metric tons per year of CO2. Gevo believes the property could have a total sequestration capacity of 1 million metric tons per year and "could accommodate many future net-zero-type and related projects."

Other companies featured: Cummins Incorporated (NYSE:CMI), Zero6 Energy Incorporated, NextEra Energy Incorporated (NYSE:NEE), Brightmark LLC and BIOGEST America Incorporated.