11:28 AM EDT, 10/15/2025 (MT Newswires) -- Gevo ( GEVO ) shares rose about 1% in recent Wednesday trading after the company said that the US Department of Energy's Loan Programs Office has extended its conditional commitment to back a $1.46 billion loan for Gevo's ( GEVO ) ATJ-60 synthetic aviation fuel project in South Dakota.

The extension, which runs through April 16, 2026, gives both parties more time to consider changes to the project that align with current energy policy goals, the company said in a regulatory filing Tuesday.

One potential change includes building a lower-cost facility that would produce 30 million gallons of jet fuel per year. This facility would use Gevo's ( GEVO ) existing ethanol and carbon capture infrastructure and could also support enhanced oil recovery using captured carbon dioxide, the company added.

Price: 2.58, Change: +0.02, Percent Change: +0.59