Gevo 'applauds' Biden's executive actions on sustainable aviation fuel 09:10 GEVO Gevo announced that it applauds President Joe Biden's new actions to support sustainable aviation fuel. As part of the Biden Administration's plans to expand the availability of higher biofuels-blended gasoline throughout the summer, the Administration also announced a series of initiatives that will create economic opportunity for agricultural communities by spurring the SAF market. Three of the key proposals are supporting increased production of SAF to at least 3 billion gallons per year by 2030, new and ongoing funding opportunities for SAF projects totaling up to $4.3 billion, and an increase in research and development activities to achieve at least a 30 percent improvement in aircraft fuel efficiency. Gevo recently signed agreements with US-based Delta Airlines for up to 75 million gallons of SAF per year, demonstrating the demand for SAF as airlines seek ways to lower their own, as well as their customers' carbon footprints.
This is good for CLNE<--------
Last Fri)
Clean Energy initiated with a Buy at JonesTrading 10:44 CLNE JonesTrading analyst Eduardo Seda initiated coverage of Clean Energy Fuels with a
Buy rating and $18 price target. Clean Energy, a leading North American renewable energy company, is in the business of supplying renewable and conventional natural gas for the transportation market in the U.S. and Canada. Seda says Clean Energy's current addressable market for RNG is "significant" and contends that as more hydrogen-powered vehicles are deployed the company should be capable of leveraging its asset base and network capabilities to other potential markets.
BUY
Clean Energy Fuels Corp. (CLNE)
NasdaqGS - NasdaqGS Real Time Price.
7.54+0.11(+1.48%)
As of 09:49AM EDT.
New stock To watch- Description
Gevo, Inc. operates as a renewable fuels company. It operates through four segments: Gevo, Agri-Energy, Renewable Natural Gas, and Net-Zero. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives. Its products also include renewable gasoline and diesel, isooctane, isobutanol, sustainable aviation fuel, renewable natural gas, isobutylene, ethanol, and animal feed and protein. Gevo, Inc. has a strategic alliance with Axens North America, Inc. for ethanol-to-jet technology and sustainable aviation fuel commercial project development. The company was formerly known as Methanotech, Inc. and changed its name to Gevo, Inc. in March 2006. Gevo, Inc. was incorporated in 2005 and is headquartered in Englewood, Colorado.