India’s leading ethanol producer, TruAlt Bio Energy (TruAlt), will raise ₹750 crore of primary capital from the IPO that closes on Monday. A large part of funds will go towards working capital funding (₹422 crore), while ₹172 crore will go towards converting its Ethanol Unit-4 (currently molasses and sugar juice based) into a dual feed plant and ₹156 crore for general corporate purposes. Promoters will sell stake worth ₹89 crore in the IPO, post which their stake will reduce by 17.6 per cent to 70.6 per cen ...

**Gevo公司电话会议纪要关键要点** **公司及行业概述** * 公司Gevo Inc (纳斯达克 GEVO) 专注于生产新一代可再生资源基航空燃料、汽油和柴油燃料 这些燃料使用可再生碳并可实现碳中和甚至负碳足迹[1] * 核心商业模式是利用碳水化合物（如乙醇和异丁醇）通过化学方法转化为碳氢燃料 复制石化行业工艺但采用低碳路径[3] * 团队拥有丰富经验 曾成功开发并商业化NatureWorks PLA生物降解塑料 具备农业与石化交叉领域的专业知识[2] **核心业务与运营现状** * 当前运营Gevo Fuels业务 包括乙醇生产 近期收购北达科他州乙醇工厂 目前仅使用12%至16%的产能[3] * 使用玉米作为原料 但强调使用非食用玉米（占玉米产量99%） 生产过程将玉米分为三部分：三分之一生产乙醇 三分之一生产蛋白质（进入食品链） 三分之一为二氧化碳[5][6] * 通过销售乙醇、蛋白质、玉米油以及碳信用（CDR）和税收抵免实现盈利 碳价值体现在成本抵消而非收入项[7][8] * 当前调整后EBITDA年化运行率约为2000万美元 并预计在短期内提升至4000万美元 随后达到1.1亿美元 此预测基于现有业务优化而非新建ATJ工厂[11][12] * 公司拥有1.27亿美元现金及等价物 从运营角度无需近期融资[13] **碳捕获与货币化策略** * 通过碳捕获与封存（CCS）产生碳 dioxide removal (CDR)信用 在自愿碳市场销售 与45Z税收抵免完全分离且无关[4][9] * 碳信用市场存在两个渠道：低碳燃料市场（如加州LCFS）价格50-200美元/吨 以及CDR市场价格100-300美元/吨 公司重点聚焦更高价值的CDR销售[10] * 近期完成首笔CDR交易（纳斯达克购买） 并强调其审计、验证、认证和保险流程的可靠性[31][32] **增长平台与未来展望** * 主要增长平台为Alcohol-to-Jet (ATJ)工厂 将乙醇转化为航空燃料 已拥有数百项专利和完全设计好的工厂[13][14] * 美国航空燃料需求增长而汽油需求下降 炼油厂关闭 预计到2035年航空燃料短缺23-24亿加仑/年 SAF是填补缺口的关键替代方案[14][15] * 公司航空燃料的现金生产成本与石油基航空燃料具竞争力（假设工厂已付清） 但需偿还新资本[15][16] * 计划采用模块化工厂建造方式（卡车尺寸模块） 而非传统EPC总承包模式 以降低执行风险并实现可复制性[20][21] * 每个ATJ工厂预计可为站点带来1.5亿美元EBITDA提升 并产生1亿美元站外EBITDA或3000万美元区域影响 创造400-600个就业机会[18] **市场机遇与战略定位** * 满足能源安全（特朗普政府政策）、经济型碳氢化合物产品以及低碳市场需求[18] * 独特定位在于同时具备农业加工（销售蛋白质）、碳氢化合物转化及碳封存的专业能力 而大型石油公司缺乏农业知识 农业公司缺乏碳氢化合物技术[19] * 目标部署环境巨大 预计到2035年需70座新工厂（按3000万加仑/厂计算） 美国现有180个乙醇工厂提供大量机会[18] **其他重要信息** * 公司正在经历名称变更过渡 但继续以GEVO代码交易[38] * 二氧化碳也可用于提高石油采收率（EOR） 公司对二氧化碳买家持开放态度（只要能获得付款）[21][22] * 产品为“即用型”燃料 可通过铁路运输至任何地方 无需特定区域布局[28]

Corn futures posted losses of 1 to 2 cents across most contracts to close out the Wednesday session. The CmdtyView national average Cash Corn price was down 2 cents at $3.80 1/4. USDA reported a private export sale of 312,956 MT of corn to Mexico on this morning, all for 2025/26. More News from Barchart Export Sales data via the weekly report will be out on Thursday, with analysts looking for between 1 and 1.8 MMT of 2025/26 corn sales in the week of 9/18. EIA data from this morning showed total of 1.0 ...

Corn futures are trading with contracts 2 to 2 ½ cents in the red on the Wednesday session. The CmdtyView national average Cash Corn price is down 2 1/4 cents at $3.80. USDA reported a private export sale of 312,956 MT of corn to Mexico on this morning, all for 2025/26. More News from Barchart Export Sales data via the weekly report will be out on Thursday, with analysts looking for between 1 and 1.8 MMT of 2025/26 corn sales in the week of 9/18. EIA data from this morning showed total of 1.024 million ...

ENGLEWOOD, Colo., Sept. 24, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) announced today that Dr. Patrick Gruber, Gevo’s Chief Executive Officer, and Eric Frey, Gevo’s Vice President of Finance and Strategy, will present at the MicroCap Rodeo on Thursday, September 25, 2025 at 1:00pm ET. A virtual webcast will be made available during the presentation. Investors and other persons interested in participating in the webcast must register using the link below. Registration Link: https://www.webcaster5.co ...

October NY world sugar #11 (SBV25) today is up +0.23 (+1.51%), and December London ICE white sugar #5 (SWZ25) is up +8.40 (+1.86%). Sugar prices recovered from early losses today and moved sharply higher after a +2% rally in crude oil prices (CLX25) sparked short covering in sugar futures.  Stronger crude prices benefit ethanol prices and could prompt global sugar mills to divert more cane crushing toward ethanol production rather than sugar, thus curbing sugar supplies. More News from Barchart Sugar pr ...

By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian conglomerate Cosan's plan to raise up to 10 billion reais ($1.9 billion) through public offerings will go towards alleviating the company's debt, an executive said on Monday, adding none of the funds would go to helping Raizen, its embattled joint venture with oil major Shell. Although analysts welcomed the move, Cosan's shares plunged 21%, on track for their worst day ever. The losses wiped off around 3 billion reais from its market cap. Raizen's share ...

October NY world sugar #11 (SBV25) on Friday closed up +0.08 (+0.52%), and December London ICE white sugar #5 (SWZ25) closed up +1.10 (+0.24%). Sugar prices settled higher on Friday as they consolidated this week's sharp losses.  On Thursday, NY sugar slumped to a 4.25-year nearest-futures low, and London sugar slid to a 4-year low.   Ramped-up sugar production in Brazil is boosting supplies and undercutting prices.  Unica reported Wednesday that Brazil's Center-South sugar output in the second half of Au ...

Corn futures closed out Wednesday with losses of 2 to 3 cents across the front months. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.82 ¼. The weekly EIA report showed ethanol production dropping 50,000 barrels per day in the week ending on September 12 to 1.055 million barrels per day. That was still an increase of 6,000 bps from the week last year. Stocks of ethanol were down 235,000 barrels to 22.602 million barrels. Refiner inputs of ethanol were up 42,000 bpd to 922,000 bp ...

Corn futures are slipping back lower on Wednesday’s midday, as contracts are down 2 to 3 ¼ cents in the nearbys. The CmdtyView national average Cash Corn price is down 3 1/4 cents at $3.82 ¾. The weekly EIA report showed ethanol production dropping 50,000 barrels per day in the week ending on September 12 to 1.055 million barrels per day. That was still an increase of 6,000 bps from the week last year. Stocks of ethanol were down 235,000 barrels to 22.602 million barrels. Refiner inputs of ethanol were up ...