Gevo Sells Carbon Credits from North Dakota Asset
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.