Item 1.01. Entry into a Material Definitive Agreement.



On March 15, 2023, Gevo, Inc. ("Gevo") entered into an Amended and Restated Fuel
Supply Agreement (the "Amended Agreement") with Kolmar Americas, Inc. ("Kolmar"
and, together with the Gevo, the "Parties" and, each, a "Party") that amends and
restates in its entirety that certain Fuel Supply Agreement, dated December 2,
2021, that Gevo previously entered into with Kolmar. The Parties entered into
the Amended Agreement primarily to reflect certain changes in the hydrocarbon
products expected to be produced from the production facility contemplated in
the Amended Agreement. Specifically, the Amended Agreement now contemplates that
the following three products will be produced by Gevo and supplied to Kolmar:
(i) renewable alcohol to jet synthetic paraffinic kerosene derived from ethanol
(sustainable aviation fuel); (ii) renewable Naphtha; and (iii) renewable diesel
(collectively, "Renewable Hydrocarbons").

Under the Amended Agreement, Gevo expects to deliver to Kolmar Renewable
Hydrocarbons from a new production facility that is currently in development
referred to as 'Net-Zero 2' (the "Facility"). Kolmar will pay Gevo through an
allocation of profit from the resale of the Renewable Hydrocarbons. The amount
of Renewable Hydrocarbons to be supplied to Kolmar has increased from
approximately 45 million gallons per year to approximately 53 million gallons
per year under the Amended Agreement.

The Amended Agreement became effective on March 15, 2023 and will continue in
full force and effect until the eighth anniversary of the commercial operations
date of the Facility (unless earlier terminated pursuant to its terms). The
Parties may extend the Amended Agreement's term for successive three-year terms
by mutual agreement.

The Parties may terminate the Amended Agreement in the event that certain
conditions precedent related to the financing and development of the Facility
are not met, or if certain customary events of default or other circumstances
occur and are not cured within a certain time period. Upon the termination of
the Amended Agreement due to an event of default, the defaulting Party may be
required to make a Termination Payment (as defined and calculated pursuant to
the Amended Agreement) to the non-defaulting Party. While we cannot estimate the
amount of any Termination Payment at this time, such amount could be
significant.

The Amended Agreement extended the date of the financial closing condition
precedent with respect to the Facility from December 31, 2023, to December 31,
2024. If this condition precedent is not satisfied by Gevo by December 31, 2024,
each of Gevo and Kolmar may terminate the Amended Agreement with no liability
accruing to either Party.

The Amended Agreement contains certain customary representations, warranties,
covenants and confidentiality provisions, and also contains mutual
indemnification obligations. All Renewable Hydrocarbons delivered by Gevo shall
meet the quality specifications established in the Amended Agreement.

The foregoing description of the Amended Agreement does not purport to be
complete and is subject to, and qualified in its entirety by, the full text of
the Amended Agreement, a copy of which is attached hereto as Exhibit 10.1 to
this Current Report on Form 8-K and is incorporated herein by reference.

Item 1.02. Termination of a Material Definitive Agreement.

The information set forth in Item 1.01 is incorporated by reference into this Item 1.02.

Item 9.01. Financial Statements and Exhibits.



(d) Exhibits.

Exhibit No.                   Description
      10.1†                     Amended and Restated Fuel Supply Agreement, dated March     15    ,
                              2023, by and between Gevo, Inc. and Kolmar Americas, Inc.
       104                    Cover Page Interactive Data File (Formatted as Inline XBRL)



† Certain portions of the exhibit have been omitted pursuant to Rule 601(b)(10)
of Regulation S-K. The omitted information is not material and is the type of
information that the registrant treats as private or confidential. Information
that was omitted has been noted in this document with a placeholder identified
by the mark "[*****]".

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