Gevo Sells Carbon Credits from North Dakota Asset

High-integrity carbon removal credits will be used to support buyer’s decarbonization and to mitigate corporate travel emissions

ENGLEWOOD, Colo. -- Gevo, Inc. (NASDAQ: GEVO) is pleased to announce that it is selling carbon abatement into the market for the first time. To support decarbonization and to mitigate its corporate travel emissions, the buyer, a global financial and technology company, purchased high-integrity durable carbon removal credits, known as CORCs (or CO2 Removal Certificates), that are Puro.earth-certified and are ready to retire immediately. CORCs provide true carbon abatement, with a volume of actual carbon dioxide permanently removed from circulation, which offsets the effect of emissions.

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Selling high-integrity CORCs is core to Gevo’s strategy, with the rapidly expanding demand for high-quality carbon credits presenting a real market opportunity today. CO2 produced by operations at Gevo’s North Dakota ethanol-production facility is currently being generated and sequestered through carbon capture and storage ("CCS"), delivering credits backed by real carbon removal.

The Gevo North Dakota facility has the appropriate geological formation and operational Class VI well for CCS, with a total estimated sequestration capacity of up to 1 million metric tonnes of CO2 per year. This site can supply customers with CORCs today that are ready to be retired immediately. The supply of credits is certified by Puro.earth under its strict standards for 1,000-plus-years permanence and other key quality parameters required by customers. CCS is a key part of our decarbonization strategy for sustainable aviation fuel ("SAF") as we develop production on multiple pathways.

CO2 is a product that is often used in industrial applications, including the food and beverage industry or the petroleum production industry through enhanced oil recovery ("EOR"). Alternatively, CO2 can have value by being captured and permanently stored, in lieu of being emitted to the atmosphere. At Gevo North Dakota, biogenic CO2 is captured and securely stored underground — enabling the generation of the CORCs.

"These are real sales of credits for carbon dioxide removal that are being generated right now," said Alex Clayton, Chief Business Development Officer for Gevo. "Customers should feel confident in the CORCs we provide due to the rigor Gevo and Puro.earth are putting into every step of the process. We previously said that after our purchase of Gevo North Dakota that we would be selling carbon and that’s what we’re doing."

"Gevo is demonstrating that durable carbon removal isn’t some distant solution — it’s available now," said Trenton Spindler, Chief Growth Officer at Puro.earth. "With Puro-certified CORCs, buyers worldwide can act decisively to tackle their toughest emissions with confidence in real, permanent results."

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 innovative technology can be used to make a variety of renewable products, including SAF, motor fuels, chemicals, and other materials that provide U.S.-made solutions. By investing in the backbone of rural America, Gevo’s business model includes developing, financing, and operating production facilities that create jobs and revitalize communities. Gevo owns and operates one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States, turning by-products into clean, reliable energy. We also operate an ethanol plant with an adjacent carbon capture and sequestration (“CCS”) facility, further solidifying America’s leadership in energy innovation. Additionally, Gevo owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo’s market-driven “pay for performance” approach regarding carbon and other sustainability attributes, helps ensure value is delivered to our local economy. Through its Verity subsidiary, Gevo provides transparency, accountability, and efficiency in tracking, measuring, and verifying various attributes throughout the supply chain. By strengthening rural economies, Gevo is working to secure a self-sufficient future and to make sure value is brought to the market.

For more information, see www.gevo.com.

About Puro.earth

Puro.earth is a leading carbon-crediting platform for durable carbon dioxide removal (“CDR”). Via the Puro Standard’s rigorous carbon credit methodologies, suppliers that remove carbon dioxide from the atmosphere to durable storages for at least 100 years are certified and issued CORCs into the transparent Puro Registry. CORCs are then purchased by corporations to help address climate change and neutralize residual carbon emissions. Puro.earth is driving forward the carbon removal industry, enabling new revenue streams to accelerate carbon removal.

For more information, visit puro.earth.