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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Gevo Inc Shares Are Rising

GEVO Gevo Inc Delta DAL Delta Air Lines Nasdaq NYSE

Gevo Inc (NASDAQ:GEVO) shares are trading higher by 6.6% at $4.89 after the company signed a "take-or-pay" agreement with Delta Air Lines, Inc. (NYSE:DAL) to supply 75 million gallons of sustainable aviation fuel per year for seven years.

Gevo says the agreement replaces the existing agreement signed with Delta in 2019 to purchase 10 million gallons per year and bolsters Delta's commitment to incorporating SAF into its operations.

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