Gevo Inc (NASDAQ:GEVO) CEO Patrick Gruber tells Proactive the group has closed a $68,155,000 “Green Bond” private activity bonds offering to finance the construction of its renewable natural gas (RNG) project in Northwest Iowa. Gruber says the project will generate RNG captured from dairy cow manure, or what's called feedstock. The feedstock for the RNG project will be supplied by three dairy farms in northwest Iowa involving over 20,000 milking cows. When fully operational, the RNG project is expected to generate about 355,000 MMBtu of RNG per year.
Gevo closes $68M Green Bond offering to finance construction of its renewable natural gas project
