Gevo is racking up the agreements to produce sustainable fuels, announcing deals with Chevron, Axens, and now ADM since September. Our view on the need for sustainable aviation fuel is that everyone building will likely be capital constrained relative to the potential demand – this is also true for sustainable diesel and gasoline, which is relevant given that the EIA sees the conventional light vehicle stock peaking globally as late as 2038 (this is not inconsistent with other estimates we have seen) see chart below.
