Verity Holdings partners with Midwest Renewable Energy for enhanced carbon tracking and sustainability in biofuel production.
Quiver AI Summary
Verity Holdings, LLC has announced that Midwest Renewable Energy, LLC (MRE) will be utilizing its services to enhance sustainability tracking and profitability in the biofuels sector. MRE, based in Nebraska, produces high-quality ethanol and aims to streamline its data collection and lifecycle analysis through Verity's offerings, which include carbon accounting and metrics quantification. This partnership will allow MRE to explore additional monetization opportunities in voluntary carbon markets and comply with low carbon fuel production programs. Verity, a subsidiary of Gevo, Inc., specializes in comprehensive carbon project development and aims to maximize the value of environmental benefits for its clients.
Potential Positives
- Verity has acquired a new client, Midwest Renewable Energy, LLC, highlighting its ability to attract customers in the biofuels sector.
- The partnership will assist MRE in tracking sustainability efforts, potentially enhancing its profitability through participation in low carbon fuel production programs and incentives.
- Verity's services aim to simplify data management and lifecycle analysis for MRE, which can lead to more efficient operations and increased monetization opportunities.
- This collaboration positions Verity as a key player in carbon accounting and maximizes the value of environmental benefits across the entire business system.
Potential Negatives
- The press release heavily emphasizes Verity's forward-looking statements, which may indicate uncertainty in the company's future performance and create skepticism among investors.
- The reliance on a new client, Midwest Renewable Energy, for sustainability tracking and profitability improvement could suggest that Verity is dependent on external partnerships to succeed, raising concerns about the stability of its business model.
- There is no mention of current financial performance or profitability metrics, which could lead to a perception of lack of transparency or weakness in Verity's operational results.
FAQ
What is the partnership between Verity Holdings and Midwest Renewable Energy about?
Verity Holdings is providing carbon accounting services to Midwest Renewable Energy to support their sustainability tracking and profitability improvement.
How does Verity help MRE with carbon accounting?
Verity offers an end-to-end carbon accounting platform to streamline data collection and lifecycle analysis for MRE's ethanol production.
What types of products does Midwest Renewable Energy produce?
MRE produces high-quality ethanol for fuel, industrial, pharmaceutical, food, and beverage applications.
What benefits does MRE expect from using Verity's services?
MRE aims to simplify compliance, enhance profitability, and gain access to additional monetization opportunities through Verity's platform.
What is Gevo's mission in renewable energy?
Gevo aims to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net-zero carbon footprint.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GEVO Insider Trading Activity
$GEVO insiders have traded $GEVO stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.
Here’s a breakdown of recent trading of $GEVO stock by insiders over the last 6 months:
- KIMBERLY T BOWRON (Chief People and IT Officer) has traded it 4 times. They made 0 purchases and 4 sales, selling 54,793 shares.
- ANDREW SHAFER (Chief Cust Mkt & Brnd Officer) sold 26,911 shares.
- PAUL D BLOOM (CCO & CIO) has traded it 4 times. They made 0 purchases and 4 sales, selling 135,055 shares.
- PATRICK R. GRUBER (Chief Executive Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 400,670 shares.
- CHRISTOPHER MICHAEL RYAN (President & COO) has traded it 3 times. They made 0 purchases and 3 sales, selling 170,443 shares.
- L LYNN SMULL (Chief Financial Officer) has traded it 3 times. They made 0 purchases and 3 sales, selling 139,585 shares.
- ALISHER K NURMAT (VP AND TREASURER) has traded it 2 times. They made 0 purchases and 2 sales, selling 8,349 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GEVO Hedge Fund Activity
We have seen 37 institutional investors add shares of $GEVO stock to their portfolio, and 103 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANE STREET GROUP, LLC removed 3,233,377 shares (-93.2%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 1,496,454 shares (-28.9%) from their portfolio in Q3 2024
- THOMIST CAPITAL MANAGEMENT, LP removed 1,399,764 shares (-100.0%) from their portfolio in Q3 2024
- NORTHERN TRUST CORP removed 1,271,052 shares (-72.3%) from their portfolio in Q3 2024
- BAIRD FINANCIAL GROUP, INC. removed 1,109,899 shares (-96.9%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 947,192 shares (-78.5%) from their portfolio in Q3 2024
- NUVEEN ASSET MANAGEMENT, LLC removed 910,990 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
ENGLEWOOD, Colo., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Verity Holdings, LLC (“Verity”) is pleased to announce that it has added ethanol producer Midwest Renewable Energy, LLC (“MRE”) as a client that intends to track sustainability while improving its profitability. With the additional client, Verity continues to expand its customer base in biofuels, and MRE expects to use Verity products and services to simplify its data collection, data management, and lifecycle analysis (“LCA”) calculations to help its participation in low carbon fuel production programs and incentives.
Based in Sutherland, Nebraska, MRE produces, and markets, high-quality ethanol for a range of applications, including products graded for fuel, industrial, USP or pharmaceutical, food, and beverages. MRE is looking for expanded monetization opportunities and identified pathways to drive additional value for their ethanol across tax credits, compliance, and voluntary markets.
“Verity will work with MRE to prove and quantify its carbon-intensity metrics across its entire business system,” says Dr. Paul Bloom, Head of Verity and Gevo’s Chief Carbon Officer and Chief Innovation Officer. “Verity intends to help MRE improve the bottom line for its homegrown products.”
MRE turned to Verity to serve as its end-to-end carbon accounting platform. From field-level carbon intensity scores for corn feedstock to process and production carbon intensity scores attributed to every gallon of ethanol, Verity provides businesses with a data-driven tool that simplifies decisions and drives profitability. By partnering with Verity, MRE gains access to opportunities with other Verity clients to further monetize carbon value beyond regulatory and compliance programs, including but not limited to the voluntary carbon market.
Verity is a wholly owned subsidiary of Gevo, Inc. (NASDAQ: GEVO) that is dedicated to providing full-service carbon project development through its proprietary digital measure, report, and verify (“MRV”) platform, powered by distributed ledger technology. Verity specializes in carbon accounting and services aimed at maximizing the value of environmental benefits throughout the entire business system.
About Gevo
Gevo's mission is to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net zero or better carbon footprint. Gevo’s innovative technology can be used to make a variety of products, including sustainable aviation fuel (“SAF”), motor fuels, chemicals, and other materials. Gevo’s business model includes developing, financing, and operating production facilities for these renewable fuels and other products. It currently runs one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States. It also owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo emphasizes the importance of sustainability by tracking and verifying the carbon footprint of its business systems through its Verity subsidiary.
For more information, see
www.gevo.com
.
About Verity
Verity is at the forefront of creating the ability to track, verify, and empirically value carbon intensity across the full carbon lifecycle. Verity Holdings, LLC is a wholly owned subsidiary of Gevo, Inc. For more information, see
www.veritytracking.com
.
Forward Looking Statement
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, Verity’s technology and platform, the commercial benefits of using the Verity platform, and the attributes of Verity’s platform, and other statements that are not purely statements of historical fact. These forward-looking statements are made based on the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.
Media Contact
Heather L. Manuel
VP, Stakeholder Engagement & Partnerships
PR@gevo.com
IR Contact
Eric Frey
Vice President of Corporate Development
IR@Gevo.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
