Gevo rises after renewable racing fuel deal with Shell
22/08/2024 14:05
** Gevo Inc GEVO.O shares rise ~8% premarket after co
announced agreement to supply renewable racing fuel blendstock
to Shell Global Solutions Deutschland GmbH SHEL.L for use in
motorsports
** Gevo late Weds said its renewable blendstock is suitable
for premium motorsport fuels, and expected to meet demands of
racing schedules while providing enhanced net-energy storage and
lower emissions
** Purchase agreement terms were not disclosed
** GEVO shares up 7.7% before the bell at 84 cents, highest
since early Mar
** Through Weds, shares have shed 33% YTD and were trading
around $1.50 a year ago
(Lance Tupper is a Reuters market analyst. The views expressed
are his own)
((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))