Scharfsinn86/iStock via Getty Images Gevo (NASDAQ:GEVO) +47.5% post-market Wednesday after saying it received a conditional commitment for a $1.46B loan guarantee from the U.S. Department of Energy Loan Programs Office for its Net-Zero 1 project in South Dakota. NZ1 is designed to produce ~60M gal/year of sustainable aviation fuel, 1.3B lbs/year of protein and animal feed products, and 30M lbs/year of corn oil. The design capability of the NZ1 facility is expected to yield sustainable aviation fuel with a net-zero carbon footprint on a lifecycle basis, including through the burning of the fuel, the company said. NZ1 is the first-ever large-scale alcohol-to-jet project to receive a DoE LPO conditional commitment from the DoE LPO, and \"marks a watershed moment for the Net-Zero 1 project and a critical step forward in Gevo's mission to transform the aviation industry by providing a scalable, sustainable, and economical renewable-carbon-based jet fuel - SAF,\" Gevo (GEVO) CEO Patrick Gruber said.