In the United States (US), Gevo Inc., a leading developer of hydrocarbon fuels and chemicals with net-zero greenhouse gas (GHG) emissions, has announced that its subsidiary, Net-Zero Richardton LLC, has signed a Carbon Dioxide Removal Sales Agreement with Biorecro North America LLC (Biorecro), a project developer focusing on bioenergy with carbon capture and storage (BECCS), for the commercialization of carbon dioxide removal credits (CORCs) generated at the Gevo North Dakota facility.
According to a statement, this agreement is for voluntary credits, and it is expected to generate approximately US$26 million in revenues for Gevo over five years, with the option to expand the volumes under the transaction.
Gevo and Biorecro can 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 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, said Dr Paul D. Bloom, Chief Business Officer for Gevo.
Former Red Trail Energy plant
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 before Gevo’s purchase.
The Gevo North Dakota site has been certifying up to 165,000 tonnes of stored carbon dioxide (CO2) per year since 2022, making it one of the first bioenergy with carbon capture and storage (BECCS) and industrial-scale carbon removal projects to become operational globally.
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, said Henrik Karlsson, Founder and CEO of Biorecro.
Certified CORCs
A coproduct of fermentation produced along with protein feed and fuel ethanol, biogenic carbon dioxide (bioCO2) 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.
Today, bioCO2 has additional value when permanently stored, generating carbon removal credits that help customers offset emissions.
At Gevo North Dakota, bioCO2 is captured and securely stored underground, enabling the generation of carbon removal credits.
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 CO2 Removal Certification (CORC) 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 can be utilized immediately.
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, said Alex Clayton, Chief Business Development Officer at Gevo.
