Business
Gevo Sells Carbon Credits from North Dakota Asset
High-integrity carbon removal credits will be used to support buyer’s decarbonization and to mitigate corporate travel emissions ENGLEWOOD, Colo., July 21,
About this update from Gevo, Inc.
[{"type":"text","content":"High-integrity carbon removal credits will be used to support buyer’s decarbonization and to mitigate corporate travel emissions\nENGLEWOOD, Colo., July 21, 2025 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that it is selling carbon abatement into the market for the first time. To support decarbonization and to mitigate its corporate travel emissions, the buyer, a global financial and technology company, purchased high-integrity durable carbon removal credits, known as CORCs (or CO2 Removal Certificates), that are Puro.earth-certified and are ready to retire immediately. CORCs provide true carbon abatement, with a volume of actual carbon dioxide permanently removed from circulation, which offsets the effect of emissions. Selling high-integrity CORCs is core to Gevo’s strategy, with the rapidly expanding demand for high-quality carbon credits presenting a real market opportunity today. CO2 produced by operations at Gevo’s North Dakota ethanol-production facility is currently being generated and sequestered through carbon capture and storage (“CCS”), delivering credits backed by real carbon removal. The Gevo North Dakota facility has the appropriate geological formation and operational Class IV well for CCS, with a total estimated sequestration capacity of up to 1 million metric tonnes of CO2 per year. This site can supply customers with CORCs today that are ready to be retired immediately. The supply of credits is certified by Puro.earth under its strict standards for 1,000-plus-years permanence and other key quality parameters required by customers. CCS is a key part of our decarbonization strategy for sustainable aviation fuel (“SAF”) as we develop production on multiple pathways. CO2 is a product that is often used in industrial applications, including the food and beverage industry or the petroleum production industry through enhanced oil recovery (“EOR”). Alternatively, CO2 can have value by being captured and permanently stored, in lieu of being emitted to the atmosphere. At Gevo North Dakota, biogenic CO₂ is captured and securely stored underground—enabling the generation of the CORCs. “These are real sales of credits for carbon dioxide removal that are being generated right now,” says Alex Clayton, Chief Business Development Officer for Gevo. “Customers should feel confident in the CORCs we provide...