Gevo Sells Carbon Credits from North Dakota Asset

Core Insights - Gevo, Inc. has initiated the sale of high-integrity carbon removal credits (CORCs) to support decarbonization efforts and mitigate corporate travel emissions for a global financial and technology company [1][2] - The demand for high-quality carbon credits is rapidly expanding, presenting a significant market opportunity for Gevo [2] - Gevo's North Dakota facility has a carbon sequestration capacity of up to 1 million metric tonnes of CO2 per year, enabling the immediate supply of CORCs certified by Puro.earth [3] Company Overview - Gevo is a diversified energy company focused on producing cost-effective, drop-in fuels that enhance energy security and contribute to carbon abatement [4] - The company operates an ethanol plant with an adjacent carbon capture and sequestration (CCS) facility, reinforcing its commitment to energy innovation [4] - Gevo's business model aims to revitalize rural communities by creating jobs and providing U.S.-made renewable products [4] Carbon Credit Market - CORCs are certified by Puro.earth, ensuring that carbon dioxide is removed from the atmosphere and stored durably for at least 100 years [6][7] - The rigorous standards of Puro.earth enhance buyer confidence in the permanence and quality of the carbon credits [3][6] - The sale of CORCs represents a real-time solution for companies looking to address their carbon emissions effectively [3][7]