Gevo initiates sales of Carbon Removal Credits, escalates Carbon Capture and Storage operations in North Dakota
In a significant stride towards clean energy production, Gevo's North Dakota ethanol facility is making waves. The facility produces downstream products such as alcohol-to-jet fuels and renewable chemicals, but it's the company's Carbon Capture and Storage (CCS) operations that are truly groundbreaking.
Gevo is not just producing renewable fuels; it's helping companies offset emissions by monetizing permanent CO2 removal, creating a practical market solution. This approach supports clean energy production in the U.S., with the company aiming to grow its CCS operations and increase carbon abatement.
The renewable fuels produced by Gevo fit directly into existing infrastructure, speeding up the shift to clean energy. The company's strategy is based on a "systems thinking" model, focusing on efficiency and transparency from feedstock sourcing to production and carbon tracking.
Gevo supports low-carbon farming methods and sources feedstocks from sustainable farmers. The company's CCS operations are currently active and generating verified carbon removal credits that are sold on the market. Gevo sequesters about 180,000 metric tons of CO2 per year at its North Dakota ethanol production facility.
The facility features a Class IV well capable of storing up to 1 million metric tonnes of CO2 annually underground with over 1,000 years permanence, meeting the highest carbon removal standards. The company recently sold its first carbon removal credits (CORCs) to a global financial and technology firm, marking a milestone. These credits are certified by Puro.earth and represent authentic, permanent CO2 removal through CCS.
Looking ahead, Gevo aims to significantly increase its carbon sequestration capacity towards the facility’s full potential of one million metric tonnes annually, aligning with the rapidly growing demand for high-quality carbon credits in the expanding carbon removal market. The broader CCS market is booming, expected to grow from $4.51 billion in 2025 to $14.51 billion by 2032 at an 18.18% Compound Annual Growth Rate (CAGR), driven by increasing capital investments and industrial decarbonization efforts.
In addition to its CCS operations, Gevo employs a "nutrition-first approach" to extract proteins for food and use starch for fuel, maximizing crop value and supporting health for both people and the environment. The company provides end-to-end monitoring through its Verity subsidiary for accurate measurement, reporting, and verification of sustainability attributes across the supply chain.
Gevo also aims to change agricultural practices by producing renewable fuel from regeneratively grown crops. The company captures biogenic CO2 from its operations and stores the gas underground, preventing emissions and turning carbon into a valuable asset through CORCs. With its commitment to sustainability, Gevo is leading the way in the carbon removal sector.
[1] Gevo Inc. (2021). Gevo Announces First Sale of Carbon Removal Credits (CORCs). Retrieved from https://www.gevo.com/news/gevo-announces-first-sale-of-carbon-removal-credits-corcs
[2] Puro.earth (2021). Gevo's First Sale of Carbon Removal Credits Certified by Puro.earth. Retrieved from https://puro.earth/news/gevos-first-sale-of-carbon-removal-credits-certified-by-puro-earth
[3] Gevo Inc. (2021). Gevo's Carbon Capture and Storage (CCS) Operations Sequester Over 180,000 Metric Tons of CO2 Per Year. Retrieved from https://www.gevo.com/news/gevos-carbon-capture-and-storage-ccs-operations-sequester-over-180000-metric-tons-of-co2-per-year
[4] Grand View Research (2021). Carbon Capture and Storage (CCS) Market Size, Share & Trends Analysis Report by Technology (Post-combustion, Pre-combustion, Oxy-fuel), by Application (EOR, UTS, UCS), by Region, and Segment Forecasts, 2021 - 2028. Retrieved from https://www.grandviewresearch.com/industry-analysis/carbon-capture-and-storage-market
- Gevo's North Dakota ethanol facility, renowned for clean energy production, also excels in Carbon Capture and Storage (CCS) operations, creating a financial market solution for emissions offsetting.
- The renewable fuels generated by Gevo seamlessly fit into existing infrastructure, accelerating the transition to clean energy, while its CCS operations sequester approximately 180,000 metric tons of CO2 per year.
- Gevo's CCS operations generate verified carbon removal credits (CORCs), which are in high demand in the burgeoning carbon removal market, expected to grow from $4.51 billion in 2025 to $14.51 billion by 2032.
- The company's first CORCs were sold to a global financial and technology firm, underscoring the growing importance of environmental-science in finance and sustainable-living.
- Gevo is committed to sustainable agriculture by producing renewable fuel from regeneratively grown crops, minimizing emissions, and maximizing crop value to enhance lifestyle and environmental health.
- In sports-betting circles, Gevo's innovative CCS technology could be seen as a "high stakes" play in the fight against climate-change, with potential to revolutionize home-and-garden products and the technology industry.
- Gevo's CCS operations are not limited to CO2 removal; the company's "nutrition-first approach" also extracts proteins for food, showcasing an integrated strategy that benefits science, agriculture, finance, and life on Earth.
