Gevo and ClimeFi Complete Carbon Removal Transaction, Advancing Gevo's Growing Carbon Business
Gevo sold and delivered 10,000 carbon dioxide removal credits through ClimeFi to an unnamed corporate buyer, advancing its carbon management business at Gevo North Dakota. The facility has generated more than 700,000 tons of CO2 removal since carbon capture operations began, using geologic sequestration of biogenic CO2 from ethanol production. CEO Paul Bloom framed the deal as validation of a diversified carbon business that can become a meaningful contributor to earnings and cash generation alongside the low-carbon fuels platform. Gevo says the project is among the first commercial-scale U.S.
Key figures
- Cdr credits sold
- 10000
- Cumulative cdr tons
- 700000
- Cdr market contracted tons
- 50000000
- Cdr market delivered share
- 3%
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