US Offers Gevo $1.46 Billion in Financing for Clean Fuel Project.

The Biden administration is providing biofuel company Gevo Inc. with $1.46 billion in financing for a project in South Dakota that converts corn starch into jet fuel. This initiative aims to promote the production of sustainable aviation fuel, renewable diesel, and renewable naphtha. Additionally, the US Energy Department is offering $1.44 billion in financing to Montana Renewables LLC for expanding a renewable fuels facility in Montana. [Extracted from the article]