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DOE announces up to $23 million to propel renewable chemicals and fuels

3D model of a molecular structure and bio-based fuel close up. Image credits: Getty Images and Adobe Stock.

January 14, 2025

BY U.S. Department of Energy

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Gevo generates approximately $5 million in revenue from opportunity in high-performance sustainable racing fuels

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By Gevo Inc.

March 20, 2026

Advanced Biofuels Business 

Gevo Inc. is delivering sustainable fuels to some of the fastest motorsports. The company recently reported approximately $5 million in revenue in 2025 from producing and selling its patented, proprietary specialty racing fuel blendstock.

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Nearly 1.65 billion RINs were generated under the RFS in February, down 10% when compared to the same month of last year. Total RIN generation for the first two months of 2026 reached 3.44 billion, down 2% when compared to the same period of 2025.

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The U.S. EPA on March 19 released data showing six additional SRE petitions have been filed under the RFS during the past month. A total of 37 SRE petitions are currently pending, up from 31 that were pending as of mid-February.

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Ecostrat Inc. and the BMI Group on March 12 announced a collaboration to leverage BDO Zone Ratings to ‘ready-state’ BMI’s legacy pulp and paper assets across Canada for next-generation investment in the bioeconomy.

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The U.S. Senate and U.S. House of Representatives in March each voted in favor of a bill to reauthorize the Small Business Innovation Research and Small Technology Transfer programs. The legislation currently awaits action from President Trump.

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