Gevo, Biorecro to accelerate multi-year carbon credit offtake and business expansion
Gevo Inc. has announced that its subsidiary, Net-Zero Richardton LLC, has signed a carbon dioxide (CO2) removal sales agreement with Biorecro North America LLC for the commercialization of CO2 removal credits generated at the Gevo North Dakota (U.S.) facility.
This agreement is for voluntary credits and is expected to generate approximately $26 MM in revenues for Gevo over 5 yrs 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.
“This deal with Biorecro demonstrates the demand for high-quality CO2 removal credits,” says Dr. Paul D. Bloom, Chief Business Officer for Gevo. “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.”
“We are proud to be part of Gevo’s bold and forward-thinking commitment to bioenergy with carbon capture and storage (BECCS),” says Henrik Karlsson, Founder and Chief Executive Officer of Biorecro. “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 metric tpy of stored CO2 since 2022 as one of the first BECCS and industrial-scale carbon removal projects to become operational globally. Note: 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.
The site has the appropriate geological formation and operational Class VI well for CCS, with the ability to store up to an estimated 1 metric MMtpy of CO2. 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.
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). CO2 is often used in industrial applications, including the food-and-beverage industry and enhanced oil recovery (EOR) in petroleum production.
“Biorecro is a leader in this field,” says Alex Clayton, Chief Business Development Officer at Gevo. “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.”
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