Gevo Executes Deal with Biorecro to Accelerate Multi-Year Carbon Credit Offtake and Business Expansion
ENGLEWOOD, Colo., Sept. 18, 2025 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) announced today that its subsidiary, Net-Zero Richardton, LLC, has signed a Carbon Dioxide Removal Sales Agreement (the “Agreement”) with Biorecro North America, LLC (“Biorecro”) for the commercialization of carbon dioxide removal credits generated at the Gevo North Dakota facility. This Agreement is for voluntary credits and is expected to generate approximately $26 million in revenues for Gevo over five years with the option to expand the volumes under the transaction. Gevo and Biorecro are able to provide immediate, operational solutions for companies with hard-to-abate emissions; solving demand needs today with the supply of high-integrity durable carbon removal credits from Gevo North Dakota, which are certified by Puro.earth.
Dr. Paul D. Bloom, Chief Business Officer for Gevo, says:
This deal with Biorecro demonstrates the demand for high-quality carbon dioxide removal credits,
“While biofuel markets can be volatile, the demand for our cost-effective carbon abatement solutions is starting to provide new, stable revenue streams to deliver value to our customers and shareholders.”
Henrik Karlsson, Founder and Chief Executive Officer of Biorecro, says:
We are proud to be part of Gevo’s bold and forward-thinking commitment to bioenergy with carbon capture and storage (“BECCS”),
“As a global BECCS project developer, our team at Biorecro is excited to share our expertise with Gevo and leverage their capacity to grow this critical carbon removal sector in this project and beyond.”
The Gevo North Dakota site has been certifying up to 165,000 tonnes of stored CO2 per year since 2022 as one of the first BECCS and industrial-scale carbon removal projects to become operational globally.1 The site has the appropriate geological formation and operational Class VI well for CCS, with the ability to store up to an estimated 1 million tonnes of CO2 per year. The supply of credits is certified by Puro.earth, generating a CORC (or CO2 Removal Certification) that can be bought, sold and retired by customers and adheres to strict standards for 1,000-plus-years permanence and other key quality parameters required by customers. Gevo North Dakota is supplying customers with CORCs today that are ready to be utilized immediately.
1 Gevo purchased the assets now known as Gevo North Dakota on January 31, 2025. The assets were previously owned and operated by Red Trail Energy, LLC prior to Gevo’s purchase.
At Gevo North Dakota, biogenic CO₂ is captured and securely stored underground, enabling the generation of carbon removal credits. Today, biogenic CO₂ has additional value when permanently stored, generating carbon removal credits that help customers offset emissions. Biogenic CO2 is a coproduct that is produced along with protein feed and fuel in our process and has many pathways via carbon capture, utilization and storage (“CCUS”). Carbon dioxide is often used in industrial applications, including the food-and-beverage industry and enhanced oil recovery (“EOR”) in petroleum production.
Alex Clayton, Chief Business Development Officer at Gevo, says:
Biorecro is a leader in this field,
“We’re pleased with our first deal and look forward to the potential for developing more projects. Biorecro understands this market, and the global customers they will serve with an ongoing supply of CORCs from Gevo North Dakota should feel confident in the rigorous validation of our carbon-abatement project.”
READ the latest news shaping the biofuels market at Biofuels Central
Gevo Executes Deal with Biorecro to Accelerate Multi-Year Carbon Credit Offtake and Business Expansion, source
