Wednesday, May 29, 2024
HomeRegional NewsGevo CEO Concerned About Potential $1B Loss For South Dakota

Gevo CEO Concerned About Potential $1B Loss For South Dakota

(Pierre, SD) — The CEO of Gevo says the carbon dioxide pipeline and sequestration landscape in South Dakota could cause the company to pull its one-billion-dollar project from the state. Governor Kristi Noem previously stated the plan is the largest economic investment in the state’s history. Gevo, which is based in Colorado, plans to build a sustainable aviation fuel facility near Lake Preston. But Dr. Patrick Gruber, the CEO of Gevo, says it’s becoming more unlikely that investment will happen without a carbon dioxide pipeline that will transport captured CO2 for sequestration. The South Dakota Public Utilities Commission has already denied two permit applications for CO2 pipelines from the companies Summit Carbon Solutions and Navigator.

RELATED ARTICLES
- Advertisment -

Latest Stories