EnviroTech :: Regulatory :: Regulatory: Alternative Fuels
Gevo signs corn supply deal for Luverne plant
7:02 AM MDT | June 3, 2015 | Michael Ravenscroft
Renewable fuels and chemicals maker Gevo (Englewood, CO) says today that it has entered into an agreement with FCStone Merchant Services (New York) to originate and supply corn for Gevo's plant at Luverne, MN. The agreement is expected to release up to $1 million of working capital, previously tied up in corn inventory, Gevo says. FCStone is one of the largest and most respected corn buyers in the United States, according to Gevo. "This strategic relationship is intended to improve our corn purchasing ability, improve margins, free up cash, and allow us to...
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