Gevo, Inc.

Good day and thank you for standing by. Welcome to the GEVO incorporated Q2 2024 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during this session, you will need to press star 1 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 1 again. Please be advised that today's conference is recorded. I would now like to turn the conference over to your speaker today, Dr. Eric Frey, Vice President of Finance and Strategy. You may go ahead.

Good afternoon, everyone. This is Eric Frey, Vice President of Finance and Strategy. Thanks for joining us to discuss GEVO's second quarter results for the period ended June 30th, 2024. I'd like to start by introducing today's participants from the company. With us today are Dr. Patrick Gruber, Chief Executive Officer, and Lynn Small, Chief Financial Officer. We also have Dr. Paul Bloom, Chief Carbon Officer and Chief Innovation Officer joining us today. Earlier today, we issued a press release that outlines the topics we plan to discuss. A copy of this press release is available on our website at www.jivo.com. Please be advised that our remarks today, including answers to your questions, contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act. These forward-looking statements are subject to risks and uncertainties that could cause actual results to be materially different from those currently anticipated. Those statements include projections about the timing, development, engineering, financing, and construction of our sustainable aviation fuel projects, our recently executed agreements, our renewable natural gas project, and other activities described in our filings with the Securities and Exchange Commission, which are incorporated by reference. We disclaim any obligation to update these forward-looking statements. In addition, we may provide certain non-GAAP financial information on this call. The relevant definitions and GAAP reconciliations may be found in our earnings release, which can be found on our website at www.givo.com in the investor relations section. Following the prepared remarks, we'll open the call for questions. I'd like to remind everyone that this conference call is open to the media, and we are providing a simultaneous webcast to the public. A replay of this call and other past events will be available via the company's investor relations page at www.jibo.com. I'd now like to turn the call over to the CEO of Jibo, Dr. Patrick Gruber. Pat? Thanks, Eric.

Good afternoon, everybody, and thanks for joining us on our call. We are filing our Form 10-Q today, and we ask that you refer to it for more detailed information after this call. Now, at the outset of the year, we outlined three areas on which we will report, net zero one, DOE loan, and project financing, achieving revenue from Verity, and our RNG business. Today, we'll give updates on each of those. Now, we believe that each of those things can create tremendous value for us, and of course, the first two are game changers. So, from the outside, it might seem like we've been kind of quiet. But here on the inside, it's been an incredible amount of work in progress. Now, we're not permitted to talk about specifics regarding the DOE loan process. I can say that the amount of diligence work required is truly impressive and thorough. There are a lot of third parties who are hired by the DOE to poke holes in what we are doing. Everybody is working hard, staying on task. It's on track. We can finally give better guidance. We are working to get and we expect the project financing for NZ1 to be closed by the end of the year. That's a pretty important point of view that we can finally articulate. We very much look forward to that and to being able to announce everything else we are working so hard on. So stay tuned. But we also have good news on the NZ1 development costs. Lynn Small, our CFO, is going to give an update on that and our operations. Then Paul Bloom will talk about our progress on our Verity business.