Gevo to buy Red Trail ethanol, CO₂ assets

The biofuels maker Gevo has agreed to purchase an ethanol plant and connected carbon capture and sequestration operation from Red Trail Energy for $210 million. The facility, in North Dakota, can make 256 million L of ethanol per year and has permits to inject 180,000 metric tons per year of carbon dioxide into geological storage. Gevo says it plans to use the ethanol in the low-carbon jet fuel technology it is commercializing in South Dakota and may look to sequester other CO 2 at the site.