Renewable chemicals company Gevo has sold its first carbon removal credits to a global financial and technology company.
The carbon credits – known as CO2 removal certificates, or CORCs – are Puro.earth-certified and are ready immediately.
Gevo will produce the credits from its North Dakota-based ethanol production facility, where carbon dioxide will be captured and stored underground in adjacent Class VI wells.
The facility has an estimated sequestration capacity of up to one million tonnes of CO2 a year.
Last year, Gevo announced its acquisition of the North Dakota site and said at the time that it hoped to start offering carbon credits.
Alex Clayton, Chief Business Development Officer for Gevo, said, “We previously said that after our purchase of Gevo North Dakota that we would be selling carbon – and that’s what we’re doing.”
According to market research, the North American carbon credit market was valued at $20bn in 2024 and is estimated to grow 15.8% between 2025 and 2034.
