Renewable chemicals company Gevo has sold its first carbon removal credits to a global financial and technology company.
The carbon credits – known as CO2 removal certificates, or CORCs – are Puro.earth-certified and are ready immediately.
Gevo will produce the credits from its North Dakota-based ethanol production facility, where carbon dioxide will be captured and stored underground in adjacent Class VI wells.
The facility has an estimated sequestration capacity of up to one million tonnes of CO2 a year.
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