Gevo Secures Multi-Year Carbon Credit Delivery Agreement Worth $26 Million
Reuters
Nov 03
Gevo Secures Multi-Year Carbon Credit Delivery Agreement Worth $26 Million
Gevo Inc. announced the production and delivery of certified carbon dioxide removal credits (CORCs) to Biorecro North America, LLC. This marks the first delivery under a multi-year agreement announced in September, expected to generate approximately $26 million in revenues for Gevo over five years, with an option to expand volumes in the future. The CORCs are certified under the Puro.earth standard and are generated from Gevo's North Dakota operations, utilizing carbon capture and sequestration associated with ethanol production. Gevo states it is the only producer of CORCs from ethanol production to receive this certification.
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