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Low-carbon jet fuel company foresees huge investment in western North Dakota

Low-carbon jet fuel company foresees huge investment in western North Dakota

Yahoo11-06-2025
Red Trail Energy near Richardton, North Dakota, was acquired by Gevo, a company that is developing sustainable jet fuel. (Photo by Amy Dalrymple/North Dakota Monitor)
WEST FARGO, N.D. — The demand for jet fuel is going up. The demand for gasoline is going down.
That's the simple explanation from Chris Ryan, the president and chief operating officer of Gevo, on why the company plans to add a sustainable aviation fuel plant to the corn-based ethanol plant it purchased at Richardton in southwest North Dakota.
Ryan said the low-carbon jet fuel won't come cheap – throwing out a ballpark figure of $500 million for a potential project still years down the road.
Ryan spoke Tuesday in Fargo at the Midwest Agriculture Summit hosted by The Chamber of Fargo, Moorhead and West Fargo.
Colorado-based Gevo bought the Red Trail Energy ethanol plant at Richardton last year.
The Red Trail plant was the first ethanol producer in the country to implement carbon sequestration — capturing carbon dioxide from the plant's corn fermentation tanks and pumping it into permanent underground storage.
The CO2 sequestration is key in lowering the carbon intensity score of the plant and for sustainable jet fuel production. Low-carbon fuels can fetch a higher price than traditional liquid fuels.
'We could make gasoline, but it's a diminishing market,' Ryan said. 'So jet fuel is a kind of sexy thing to talk about these days.'
In an interview with the North Dakota Monitor, Ryan said there is plenty of room to add a jet fuel plant at the 500-acre Richardton site. He said the plant would add about 50 jobs, about the same number that the ethanol plant employs.
Expanding the ethanol plant also is a possibility, Ryan said.
The company also is considering adding wind turbines at Richardton to provide power and lower the carbon score even further, he said. Even though renewable energy tax credits are a possible target for budget cuts under President Donald Trump, he said wind energy at the site still makes good economic sense.
Gevo also has plans for a sustainable aviation fuel plant at Lake Preston in southeast South Dakota.
The future of that plant depends in large part on the five-state Summit Carbon Solutions pipeline project that would take carbon emissions from ethanol plants to western North Dakota for underground storage.
Ryan said when the South Dakota project was conceived, it did not include carbon capture. But as construction costs soared with the COVID-19 pandemic, he said it became necessary to sign on to the Summit pipeline project. He said the federal tax credits for carbon sequestration would help offset the higher building costs.
The project has stalled as Summit has run into permitting challenges and a new state law giving landowners more power in easement negotiations.
'We really need the pipeline,' Ryan said.
He added that Gevo bought more land than it needed for the project. That is allowing for other projects at the site, benefiting Gevo and the Lake Preston area, he said.
The Summit delays spurred the purchase of Red Trail, which had the advantage of sitting almost on top of an area suitable for underground carbon storage.
'We had to take our destiny into our own hands,' Ryan said, and not be dependent on the Summit pipeline.
He said Gevo can 'copy and paste' the engineering work done for the South Dakota site to the Richardton site.
While the carbon dioxide from the Richardton plant is being pumped underground, Ryan said Gevo recognizes that it has a potential for use in North Dakota's oilfields, making oil wells more productive through what is called enhanced oil recovery.
North Dakota leaders have been trumpeting the economic benefits of enhanced oil recovery.
Ryan said if the oil industry is willing to pay for carbon dioxide to use in enhanced oil recovery, Gevo would sell the CO2 rather than pump it underground.
'We don't care where the revenue comes from, right? Today, we sequester it for a tax credit, and we can sell carbon credits,' Ryan said. 'Or you can sell it to somebody for enhanced oil recovery.'
He said he sees it as another advantage of doing business in North Dakota.
'People in North Dakota get that, they understand the value of that,' Ryan said.
This story was originally published by North Dakota Monitor, which is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. North Dakota Monitor maintains editorial independence. Contact Editor Amy Dalrymple for questions: info@northdakotamonitor.com.
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Leonard Tow, cable TV magnate and a major philanthropist, dies at 97
Leonard Tow, cable TV magnate and a major philanthropist, dies at 97

Boston Globe

time20 minutes ago

  • Boston Globe

Leonard Tow, cable TV magnate and a major philanthropist, dies at 97

Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up Besides the Lincoln Center theater, Tow, once a member of the Forbes 400 list of richest Americans, funded a performing arts center at Brooklyn College (where he and his wife, both raised poor, had met); journalism programs at Columbia University and City University of New York; the Tow Center for Developmental Oncology at Memorial Sloan Kettering Cancer Center in Manhattan; and the Tow Youth Justice Institute in West Haven, Connecticut. Advertisement After an early career teaching economics at Hunter and Brooklyn colleges, Tow concluded that universities had 'too many people fighting over anthills,' and he jumped to the private sector. In 1964, he landed a job at the TelePrompTer Corp., a pioneer in the cable industry, where he was credited with expanding subscribers to 1 million from 50,000. Advertisement In 1973, he and his wife, who had been an elementary-school teacher, started their own cable business, Century Communications Corp. It was launched from their dining room table on a line of credit. The timing was perfect: The federal government had just deregulated the industry, and homes with cable subscriptions began to grow exponentially. New-Canaan-based Century became one of the country's largest cable providers, with some 2,300 employees and 1.6 million subscribers. In 1999, Tow, the chief executive, sold the company for $5.2 billion, in a mostly stock deal, to Adelphia Communications. He became Adelphia's largest shareholder after the founders, the Rigas family of Pennsylvania. Three years later, Adelphia filed for bankruptcy amid a corruption scandal that eventually sent John Rigas, the founder, and his son Timothy, the company's former chief financial officer, to prison. Tow's shares had declined by 70 percent. He had also jumped into the telephone business, buying a stake in 1989 in Citizens Utilities Co. of Stamford, Connecticut, a network of small phone companies that is now known as Frontier Communications. The New York Times called Tow, who as Citizens' chief executive grew the company, 'an aggressive acquisitor and deal maker.' But when it was disclosed that he was paid $21.6 million in 1992, more than any other utility executive in the country, shareholders, including the California Public Employees' Retirement Fund, sued. The lawsuits were eventually settled. Tow retired from business in 2004 to focus on philanthropy through the Tow Foundation. Advertisement In 2012, he and his wife signed the Giving Pledge led by Bill Gates and Warren Buffett to have the world's richest people promise to contribute at least 50 percent of their wealth to nonprofits. The Tows committed to give away nearly 100 percent of their assets. The Tow Foundation reported $321 million in assets in 2024, a sum that will grow considerably with the addition of bequests from Tow following his death, according to his family. Leonard Tow was born on May 30, 1928, in Brooklyn to Louis and Estelle (Weiss) Tow, Jewish immigrants from Russia whose family name derived from the Hebrew word for 'good.' Leonard and a brother grew up in a one-room apartment behind Tow's Discount House, a store his parents owned in the Bensonhurst neighborhood. He received a bachelor's degree in 1950 from Brooklyn College, where he met Claire Schneider, a member of the class of 1952. He belonged to the Longfellows Club, a group for male students over 6 feet in height, and she was in the Hi Hites, an equivalent group for tall female students. They married in 1952. Tow earned a master's in 1952 and a doctorate in economic geography in 1960, both from Columbia University. Survivors include his sons Andrew and Frank; a daughter, Emily; eight grandchildren; and a great-granddaughter. The Tows funded the Leonard & Claire Tow Center for the Performing Arts at Brooklyn College, the Tow Center for Digital Journalism at Columbia and the Tow-Knight Center for Entrepreneurial Journalism at City University of New York. The two journalism ventures aim to find ways for journalism to survive in the internet age and combat misinformation. 'I'm really worried about the print-journalism side of the business,' Tow told the Times in announcing the first grants of $8 million to the journalism programs in 2008. 'There's so much contraction of employment going on; every day you pick up the paper and this chain or that chain has laid off another 10 percent, and we're watching advertising support slowly disintegrate.' Advertisement In 2016, the Tow Foundation donated $25 million to Barnard College to help build a new teaching center. Tow received the Carnegie Medal of Philanthropy in 2019. Criminal justice is also a focus of the foundation: It donated six-figure sums in 2023 to the Campaign for the Fair Sentencing of Youth, PEN America's Prison and Justice Writing program, and the Yale Prison Education Initiative. And as part of an overhaul of Damrosch Park on the Lincoln Center campus, which was announced in May, the Tow Foundation pledged $20 million toward an outdoor community stage. This year, the foundation underwrote the salaries of 14 resident playwrights at nonprofit theaters who received their first New York productions. 'My father was at the theater three weeks ago,' Emily Tow said. 'He was interested in everything, it didn't matter how avant-garde. Some weeks he'd see three or four plays, from a basement in the Lower East Side to the fanciest Broadway production.' This article originally appeared in

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