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Gevo receives “A” rating for North Dakota site from BeZero Carbon

Gevo receives high-quality assessment for its carbon capture credits in North Dakota, strengthening the commercial value of its certificates in the voluntary carbon markets.

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Gevo Inc., a US-based producer of low-carbon fuels, has received an “A” rating from BeZero Carbon Ltd. for its carbon capture and storage site in North Dakota. This rating, issued by an independent agency specialised in voluntary carbon markets, validates the robustness of the carbon credits generated by the facility.

Recognition for long-term geological storage

The Gevo North Dakota (GND) site is currently the largest issuer of credits derived from carbon dioxide removal technologies. It is also the only ethanol-related carbon capture and storage project to have issued credits with a thousand-year permanence guarantee, in line with the “Geologically Stored Carbon” methodology under the Puro.earth standard.

The project relies on a Class VI storage well, authorised by the United States Environmental Protection Agency (EPA), with a storage capacity of up to 1 million tonnes of CO₂ per year. This well has been operational since June 2022. Gevo expects the new rating to increase the market value of its Carbon Dioxide Removal Certificates (CORCs) in future transactions.

Enhanced integration of agricultural data

Gevo sources most of its corn within 120 kilometres of its site and uses Verity, an internally developed platform for tracking agricultural emissions. This digital tool enables the measurement, reporting, and verification of farming practices, thereby improving traceability in the biomass supply chain.

An enhanced version of this programme is currently being rolled out to more accurately document the farming practices of its raw material suppliers. The initiative is designed to feed Verity with detailed data, strengthen the commercial value of the carbon credits, and optimise land assessment tools.

Increased visibility with institutional buyers

The “A” rating from BeZero Carbon is seen by the company as a lever to ease project verification processes for potential buyers, simplifying the analysis of credit quality criteria.

Alex Clayton, Chief Business Development Officer at Gevo, stated that this evaluation positions the company among the most credible players in a growing market. The company anticipates that its CORCs will generate significant additional revenues as co-products in its future operations.

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