05:58 PM EDT, 04/15/2026 (MT Newswires) -- Gevo ( GEVO ) said late Wednesday it has withdrawn its loan guarantee financing application with the US Department of Energy's Office of Energy Dominance Financing, or EDF, and is seeking other funding opportunities for its Alcohol-to-Jet-30 plant by the end of 2026.

Gevo ( GEVO ) said its conversation with EDF showed that the project is not yet commercially viable to support enhanced oil recovery at scale, which is required by EDF.

The company said there are other alternative funding sources that can match its strategy and speed up the project execution timeline with better returns.

Gevo ( GEVO ) can resubmit an application for a project at a later date, it said.