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● gevo ● 345 Inverness Drive South Building C , Suite 310 Englewood , CO 80112 T 303-858-8358 F 303-858-8431 Gevo Reports Third Quarter 2021 Financial Results Gevo to Host Conference Call Today at 4:30 p.m. EST / 2 : 30 p.m. MST ENGLEWOOD , Colo . - November 10 , 2021 - Gevo , Inc. ( NASDAQ : GEVO ) today announced financial results for the third quarter of 2021 and recent corporate highlights . Recent Corporate Highlights gevo.com On October 25 , 2021 , Gevo announced that it signed a memorandum of understanding ( " MOU " ) with Archer - Daniels - Midland Company ( " ADM " ) to support the production of sustainable aviation fuel ( SAF " ) and other low carbon - footprint hydrocarbon fuels . The MoU contemplates the production both ethanol and isobutanol that would then be transformed into renewable low carbon - footprint hydrocarbons using Gevo's processing technology and capabilities . On October 12 , 2021 , Gevo announced that it entered into an agreement with Axens North America , Inc. ( “ Axens " ) that establishes a strategic alliance aimed at accelerating the commercialization of sustainable ethanol - to - jet projects in the United States . The production technology to convert ethanol to hydrocarbons has been exclusively licensed to Gevo in the United States by Axens and incorporates more than 60 patents , as well as proprietary production technology and know - how . On October 7 , 2021 , Gevo announced that it engaged Kiewit Energy Group Inc. to lead the Front End Engineering Design ( " FEED " ) effort for its Net - Zero 1 Project in Lake Preston , South Dakota . On September 23 , 2021 , Gevo announced that it entered into an asset purchase agreement with Butamax Advanced Biofuels LLC ( " Butamax " ) and its affiliate , Danisco US Inc. , to acquire certain patents , leaving Gevo as the only entity with full rights to sublicense the entire Gevo / Butamax isobutanol and isobutanol derivatives patent estate in the fields of fuels , isooctane , industrial chemicals , isobutylene , oligomerized isobutylene , and para - xylene . On September 9 , 2021 , Gevo announced that it signed a letter of intent with Chevron U.S.A. Inc. ( " Chevron " ) , a subsidiary to Chevron Corporation , to jointly invest in building and operating one or more new facilities that would process inedible corn to produce sustainable aviation fuel , which can lower the lifecycle carbon intensity of fuels used in the aviation industry . 2021 Third Quarter Financial Highlights Ended the quarter with cash , cash equivalents , restricted cash and marketable securities of $ 522.4 million compared to $ 567.2 million as of the end Q2 2021