New Report Finds $4-6 in Benefits to U.S. Economy for Every $1 in Federal SAF Incentives at Gevo’s Net-Zero 1 Facility Page 1

Research by Charles River Associates (“CRA”) shows clear economic and environmental benefits of using this business system

ENGLEWOOD, Colo., Aug. 09, 2024 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) today published a new report from Charles River Associates demonstrating the benefits of sustainable aviation fuel (“SAF”) production, including Gevo’s planned Net-Zero 1 (“NZ1”) alcohol-to-jet (“ATJ”) SAF facility in South Dakota. CRA’s findings in the report show that every $1.00 in federal tax credits for ATJ SAF is estimated to generate $4-6 in total quantified benefits. The research, commissioned by Gevo, also shows how the proposed NZ1 facility is expected to directly support local economies, reduce emissions, and improve our nation’s energy security.