Gevo ethanol facility sale includes Luverne site, retains R&D assets

Gevo, Inc., a U.S.-based renewable chemicals and advanced biofuels firm, has signed a definitive agreement to sell its wholly owned subsidiary Agri-Energy, LLC to A.E. Innovation, LLC for USD 7 million. The deal includes Gevo’s idled 18-million-gallon-per-year ethanol production…

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