Gevo North Dakota Awarded “A” Rating From BeZero Carbon, Affirming Its High-Quality Carbon Removal Credits

Gevo, Inc. (NASDAQ: GEVO) announced that BeZero Carbon Ltd., a global carbon rating agency, has upgraded its rating for the Gevo North Dakota (GND) facility, which has carbon capture and storage, to an “A” rating.

Gevo is a pioneer in the voluntary carbon markets (VCM) focused on the production and delivery of carbon dioxide removal certificates, known as CORCs, under the high-integrity Puro.earth standard. The GND facility is the largest producer of technology-based carbon dioxide removal credits and is the only ethanol carbon capture and storage project to issue credits for thousand-year permanence under Puro.earth’s Geologically Stored Carbon methodology.

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Alex Clayton, Chief Business Development Officer at Gevo: “CORCs are gaining traction in the growing VCM and are expected to provide valuable co-product revenue for our operations. We anticipate this BeZero Carbon ‘A’ rating will only improve its value. Our Class VI carbon-storage well has shown outstanding performance since it started in June 2022, and we believe we are well positioned with our well that has 1 million tons per year of capacity to be a consistent source of CORCs at meaningful scale. This BeZero Carbon ‘A’ rating simplifies the due diligence process for buyers reviewing our project for key quality parameters and places us in a top tier relative to other carbon projects.”

GND sources most of its corn feedstock from within 75 miles of the facility and will leverage Verity, a Gevo-developed carbon-tracking platform for upstream agriculture measurement, reporting, and verification (MRV) to document sustainable agriculture practices, create transparency in agricultural value chains, and provide tools for land assessment.

Nancy Young, Chief Sustainability Officer at Gevo: “We will soon be piloting an updated sustainable biomass sourcing and management program that enables us to gather deeper data on the agricultural practices of our feedstock growers through our Verity platform. We are committed to ensuring the highest level of environmental integrity, which also increases the value of our credits and benefits farmers.”

About Gevo

Gevo is a next-generation diversified energy company committed to fueling America’s future with cost-effective, drop-in fuels that contribute to energy security, abate carbon, and strengthen rural communities to drive economic growth. Gevo’s technology can produce renewable products including SAF, motor fuels, chemicals, and materials that provide U.S.-made solutions. The company develops, finances, and operates production facilities that create jobs and revitalize communities. Gevo owns and operates an ethanol plant with an adjacent carbon capture, utilization, and sequestration (CCUS) facility and Class VI carbon-storage well. Gevo also operates one of the largest dairy-based RNG facilities in the United States. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring, and verifying various sustainability attributes throughout the supply chain.