ENGLEWOOD, Colo., April 13, 2022 (GLOBE NEWSWIRE) -- Gevo, Inc. (“Gevo”) (NASDAQ: GEVO) announced today that it applauds President Joe Biden’s new actions to support sustainable aviation fuel (“SAF”). As part of the Biden Administration’s plans to expand the availability of higher biofuels-blended gasoline throughout the summer, the Administration also announced a series of initiatives that will create economic opportunity for agricultural communities by spurring the SAF market. Three of the key proposals are (i) supporting increased production of SAF to at least 3 billion gallons per year by 2030, (ii) new and ongoing funding opportunities for SAF projects totaling up to $4.3 billion, and (iii) an increase in research and development activities to achieve at least a 30 percent improvement in aircraft fuel efficiency.