Gevo officially breaks ground on its renewable natural gas project in northwest Iowa

Gevo Inc (NASDAQ:GEVO) (FRA:ZGV3) has officially broken ground on its renewable natural gas (RNG) project in northwest Iowa.  The project will generate RNG captured from dairy cow manure, or what's called feedstock.  The Englewood, Colorado-based company has said previously that the feedstock for the RNG project will be supplied by three dairy farms involving over 20,000 milking cows with start-up expected in early 2022.  READ: Gevo closes $68M ‘Green Bond’ offering to finance construction of its renewable natural gas project in northwest Iowa “Breaking ground on this project is an exciting step in bringing Gevo’s Net-Zero strategy closer to life,” said CEO Patrick Gruber in a statement. “Upon completion of the project in 2022, the digesters are anticipated to generate approximately 355,000 MMBtu of RNG per year and reduce significant quantities of methane, a potent greenhouse gas, from being released into the atmosphere.” Gruber added: “After the methane is extracted from the processed manure, the remaining solids will be returned to the farmers as soil nutrients for use as fertilizer. This will allow the farmers to reduce their raw manure application, which will improve odor, water quality and nutrient management practices.” The RNG project is expected to generate cash for Gevo of about $9 million to $16 million per year, the company has said.  Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham