06:49 AM EST, 12/11/2024 (MT Newswires) -- Gevo ( GEVO ) said Wednesday that equity stakeholders of Red Trail Energy voted to approve Gevo's ( GEVO ) planned $210 million cash acquisition of its ethanol production plant and carbon capture and sequestration assets.

Gevo ( GEVO ) said the acquisition will help it achieve its goal of transforming renewable carbon and photosynthetic energy into net-zero liquid transportation fuels and chemicals while lowering carbon emissions.

The transaction is expected to be completed in Q1.