Gevo secures three-year carbon dioxide removal agreement for North Dakota BECCS facility
US biofuels firm Gevo has secured a three-year carbon dioxide removal (CDR) agreement with an unnamed enterprise software company for its North Dakota bioenergy with carbon capture and storage (BECCS) facility. Environmental asset management platform Ceezer will procure and manage a five-figure volume CDR portfolio on behalf of the customer through to 2029. This agreement follows a recent transaction for Gevo to sequester 10,000 tonnes of carbon dioxide at the same site. The arrangement reinforces market demand for industrial-scale biogenic carbon removals and demonstrates the commercial viability of integrating CCS with domestic ethanol production.
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