XML 35 R26.htm IDEA: XBRL DOCUMENT v3.22.1
Segments
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segments Segments
The Company's chief operating decision maker is provided with and reviews a monthly executive package which separately identifies its business segments based on the nature of the products and services offered through each of its consolidated legal entities. In January 2021, the Company began to separately identify the Renewable Natural Gas Segment in the monthly executive package. As such, the Company has determined that it has three operating 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 low-carbon methane from manure for the production of RNG.
 Three Months Ended March 31,
 20222021
Revenues:
Gevo$63 $13 
Agri-Energy169 80 
Renewable Natural Gas— — 
Consolidated$232 $93 
Loss from operations:
Gevo$(12,124)$(7,763)
Agri-Energy(3,808)(2,047)
Renewable Natural Gas(23)(68)
Consolidated$(15,955)$(9,878)
Acquisitions of patents, plant, property and equipment:
Gevo$4,438 $253 
Agri-Energy3,947 10 
Renewable Natural Gas10,393 5,169 
Consolidated$18,778 $5,432 

 March 31, 2022December 31, 2021
Total assets  
Gevo$450,048 $484,528 
Agri-Energy65,834 64,008 
Renewable Natural Gas122,778 117,940 
Consolidated (1)$638,660 $666,476