Chris Ryan, right. (Jeff Beach/North Dakota Monitor)
(North Dakota Monitor) – The demand for jet fuel is going up. The demand for gasoline is going down.
That’s the simple explanation from Chris Ryan, the president and chief operating officer of Gevo, on why the company plans to add a sustainable aviation fuel plant to the corn-based ethanol plant it purchased at Richardton in southwest North Dakota.
Ryan said the low-carbon jet fuel won’t come cheap – throwing out a ballpark figure of $500 million for a potential project still years down the road.
Ryan spoke in Fargo at the Midwest Agriculture Summit hosted by The Chamber of Fargo, Moorhead and West Fargo.
Colorado-based Gevo bought the Red Trail Energy ethanol plant at Richardton last year.
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