Gevo sells 10,000 carbon removal credits via ClimeFi partnership

Gevo, Inc. (NASDAQ: GEVO) has completed the sale and delivery of 10,000 carbon dioxide removal credits through ClimeFi to a corporate buyer, according to a company press release dated Oct. 8, 2026.

The credits were generated at Gevo North Dakota, where biogenic carbon dioxide from ethanol production is captured and permanently stored through geologic sequestration more than a mile beneath the plant. Since carbon capture operations began at the facility, it has generated more than 700,000 tons of carbon dioxide removal.

ClimeFi sourced and facilitated the transfer of the credits to support the buyer's carbon management strategy. Gevo states its North Dakota project is among the first commercial-scale U.S. bioenergy with carbon capture and storage (BECCS) projects delivering verified carbon removal credits to the voluntary carbon market.

Gevo Chief Executive Officer Paul Bloom said the transaction "validates Gevo's strategy of building a durable, diversified carbon business alongside our low-carbon fuels platform," adding that the company believes existing operations can support a carbon business and "create a meaningful contributor to earnings, cash generation and shareholder value."

The company has stated a goal of exceeding $30 million in annual revenue from its carbon business based on existing operations. Previous buyers of Gevo's carbon removal credits include Nasdaq and Whirlpool, with Amgen and PayPal listed on its registry through purchases from intermediaries.

According to data from CDR.fyi, across the broader carbon dioxide removal market, only about 3% of roughly 50 million contracted tons has been delivered to date.

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