In Colorado, Gevo, Inc. announced the production and delivery of certified carbon dioxide removal credits, known as CORCs under the high-integrity Puro.earth standard, to Biorecro North America, LLC, marking a major milestone in the commercialization of durable carbon removal from its North Dakota operations. This delivery is the first fulfillment against the multi-year agreement announced in September, which is expected to generate approximately $26 million in revenues for Gevo over five years with the option to expand the volumes in the future. Gevo is the only producer of CORCs from carbon capture and sequestration associated with ethanol production. As demand for high-integrity carbon credits grows, Gevo is positioning itself as a market leader and is delivering high-value carbon abatement to global customers.
