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49 min ago 2 min read
Renewable chemicals and biofuels company Gevo has delivered 10,000 carbon dioxide removal (CDR) credits to an unnamed corporate buyer from its North Dakota bioenergy with carbon capture and storage (BECCS) facility.
The sale through environmental asset management platform ClimeFi supported the capture of 10,000 tonnes of carbon dioxide (CO2).
Gevo claims the 65 million-gallon-per-year North Dakota ethanol production facility has removed and stored 700,000 tonnes of CO2 since BECCS operations launched, under its former owner in June 2022.
The company believes its North Dakota project is among the first commercial-scale BECCS projects to deliver verified CDR credits to the US voluntary carbon market.
Paul Bloom, CEO of Gevo, said, “This transaction validates Gevo’s strategy of building a…diversified carbon business alongside our low-carbon fuels platform.”
The North Dakota facility currently geologically sequesters around 180,000 tonnes of biogenic CO2 each year at its Class VI well, while supplying its ethanol as a building block for sustainable aviation fuel (SAF) and chemicals.
It is targeting an annual revenue of over $30m from its existing operations.
In February 2025, Gevo an ethanol production plant and the carbon capture and sequestration (CCS) assets of Red Trail Energy for $210m, in an effort to expand SAF production at its North Dakota site.
In July 2025, Gevo its first carbon removal credits to a global financial and technology company.
Food processing company ADM it has partnered with CDR firm Puro.earth to offer CDR credits from its 800,000 tonnes-per-year CCS operations at its corn processing facility in Columbus, Nebraska.
According to the US Energy Information Administration, as of January 2022, US fuel ethanol production capacity totalled 17.4 billion gallons per year across 192 reported producers, signifying an opportunity to scale-up domestic BECCS operations.
