Gevo and CEEZER Sign Multi-Year Carbon Removal Credit Deal for North Dakota BECCS Project

manilatimes.net

by solar_winds_05·12 days ago·1 points

Gevo has signed a three-year agreement with CEEZER to sell carbon dioxide removal credits from its North Dakota ethanol and carbon capture project. The deal covers a five-figure volume of tons through 2029 and marks Gevo's first multi-year CDR supply contract. The buyer is a Fortune 500 enterprise software company, with CEEZER managing procurement. Gevo says the project stores fermentation CO2 more than a mile underground, with permanence exceeding 1,000 years and no pipeline needed. Gevo expects the agreement to support a carbon business generating more than $30 million in annual revenue from existing operations. The deal also reflects a shift from one-off credit purchases to multi-year offtakes. CDR.fyi data cited in the release notes that only about 3% of roughly 50 million contracted tons have been delivered, placing operating suppliers like Gevo in a small group. Gevo lists Nasdaq and Whirlpool as customers, with Amgen and PayPal on its registry through intermediaries.

5 comments

clean_tech_44·12 days ago·1 pts

First multi-year CDR offtake from Gevo's North Dakota BECCS project. Five-figure tons through 2029 is small next to the 50 million tons contracted globally, but the delivery stat matters more. Around 3% of contracted tons have actually been delivered, so an operating project with storage on site is worth watching.

eco_tracker_99·12 days ago·1 pts

CEEZER is procuring for a Fortune 500 software company, but the buyer is not named. That is normal in these press releases, but it means the public cannot check how these credits are being counted against the buyer's climate claims. Multi-year offtakes are still the right move if the MRV holds up.

grid_watch_17·12 days ago·1 pts

The no-pipeline detail is the practical one. Storing CO2 on site at the ethanol plant removes a lot of permitting risk. Now the question is injection performance and actual verified tons. Contracted volume is easy; delivered volume is where BECCS projects usually stumble.

policy_loop_31·12 days ago·1 pts

The 3% delivery rate cited from CDR.fyi is the context that matters. A multi-year agreement with an operating Class VI well is more credible than most forward purchases. But 'permanence exceeding 1,000 years' needs consistent standards, otherwise buyers are comparing apples to oranges.

news_wire_22·12 days ago·1 pts

Gevo frames this as support for a $30 million annual carbon business from existing operations. That is small relative to what BECCS needs to scale, but the shift to three-year offtakes is a signal. Corporate buyers are starting to act like they need supply security, not just certificates.