Segments

9 Months Ended

Sep. 30, 2022

Segment Reporting [Abstract]

Segments

Segments

Operating segments are defined as components of an entity for which discrete financial information is available that is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in deciding how to allocate resources to an individual segment and in assessing performance. The Company’s Chief Executive Officer is the CODM. The CODM reviews financial information presented on a consolidated basis for purposes of making operating decisions, allocating resources, and evaluating financial performance. As such, management has determined that the Company has organized its operations and activities into three reportable segments: (i) Gevo segment; (ii) Agri-Energy segment; (iii) Renewable Natural Gas segment. Transactions between segments are eliminated in consolidation.

Gevo segment. The Gevo segment is responsible for all research and development activities related to the future production of SAF, commercial opportunities for other renewable hydrocarbon products, such as hydrocarbons for gasoline blendstocks and diesel fuel; ingredients for the chemical industry, such as ethylene and butenes; plastics and materials; and other chemicals. The Gevo segment also develops, maintains and protects its intellectual property portfolio, provides corporate oversight services, and responsible for development and construction of our Net-Zero projects.

Agri-Energy segment. The Agri-Energy segment is currently responsible for the operation of the Company’s Luverne Facility, development and optimization of the production of isobutanol, ethanol and related products.

Renewable Natural Gas segment. The Renewable Natural Gas segment produces-pipeline quality methane gas captured from dairy cow manure.

	Three Months Ended September 30, 2022
	Gevo		Agri-Energy		Renewable Natural Gas		Consolidated
Revenues	$	—	$	—	$	309	$	309
Loss from Operations	$	(15,480)	$	(27,948)	$	(241)	$	(43,669)
Acquisitions of patents, plant, property and equipment	$	17,458	$	4,351	$	6,305	$	28,114
	Three Months Ended September 30, 2021
	Gevo		Agri-Energy		Renewable Natural Gas		Consolidated
Revenues	$	104	$	16	$	—	$	120
Loss from Operations	$	(10,968)	$	(3,548)	$	(218)	$	(14,734)
Acquisitions of patents, plant, property and equipment	$	15,511	$	3,154	$	14,450	$	33,115
	Nine Months Ended September 30, 2022
	Gevo		Agri-Energy		Renewable Natural Gas		Consolidated
Revenues	$	81	$	240	$	309	$	630
Loss from Operations	$	(40,629)	$	(34,869)	$	(241)	$	(75,739)
Acquisitions of patents, plant, property and equipment	$	33,766	$	8,626	$	24,973	$	67,365
	Nine Months Ended September 30, 2021
	Gevo		Agri-Energy		Renewable Natural Gas		Consolidated
Revenues	$	465	$	14	$	—	$	479
Loss from Operations	$	(30,697)	$	(12,807)	$	(286)	$	(43,790)
Acquisitions of patents, plant, property and equipment	$	16,352	$	5,062	$	31,551	$	52,965

	September 30, 2022
	Gevo		Agri-Energy		Renewable Natural Gas		Consolidated
Total assets	$	579,984	$	38,473	$	110,954	$	729,411
	December 31, 2021
	Gevo		Agri-Energy		Renewable Natural Gas		Consolidated
Total assets	$	484,528	$	64,008	$	117,940	$	666,476