Inventories

6 Months Ended

Jun. 30, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories

The following table sets forth the components of the Company’s inventory balances (in thousands) as of:

	June 30, 2022		December 31, 2021
Raw materials:
Corn	$	179	$	301
Enzymes and other inputs	57		186
Palladium	203		265
Finished goods:
SAF, Isooctane, Isooctene and other	504		335
Isobutanol	124		223
Ethanol	146		96
Work in process:
Agri-Energy	51		83
Gevo	71		—
Spare parts	1,314		1,262
Total inventories	$	2,649	$	2,751

Work in process inventory includes unfinished SAF, isooctane, and isooctene inventory.

During the six months ended June 30, 2022, the Company adjusted its finished goods and work in process inventory to net realizable value and recorded a $0.8 million loss in cost of goods sold. There were no net realizable losses recorded during the six months ended June 30, 2021, as the Luverne Facility was temporarily shut down due to the COVID-19 pandemic.