Oct 14 (Reuters) - Gevo ( GEVO ) said on Tuesday it has

secured an extension from the U.S. Department of Energy on its

conditional commitment to guarantee a $1.46 billion loan for the

renewable fuels company's aviation fuel project in Lake Preston,

South Dakota.

The extension granted by the department's loan programs

office pushes the deadline to April 16, 2026, allowing time to

evaluate potential changes to the project scope.

Among the proposed modifications is the construction of a

lower cost 30 million gallon-per-year jet fuel facility 'ATJ-30'

at Gevo's ( GEVO ) existing ethanol and carbon capture site in North

Dakota.

Last year, the U.S. DOE approved conditional loan guarantee

commitments totaling nearly $3 billion for two sustainable

aviation fuel (SAF) projects for Calumet and Gevo ( GEVO ).