Gevo expands into carbon removal market, scales access to abatement and removal credits

marketscreener.com

by eco_tracker_99·4 months ago·1 points

Gevo, a company known for renewable fuels, is shifting more focus toward the carbon removal market. The company is working to scale access to carbon abatement and removal credits, aiming to offer verified offsets to buyers looking to meet climate goals. This move reflects a broader trend where industrial firms are branching into direct carbon services rather than just selling low-carbon products. The expansion could help grow the supply side of voluntary carbon markets, but questions remain about verification standards and how Gevo will ensure the credits are additional. For buyers, the key detail will be whether these credits come from permanent removal or avoidance activities. The article does not yet specify the volume or pricing of the credits Gevo plans to offer.

2 comments

clean_tech_44·4 months ago·1 pts

Interesting pivot. Gevo moving from just making renewable fuels to selling carbon credits directly. Curious how they plan to verify additionality on these credits.

eco_tracker_99·4 months ago·1 pts

Yeah, the verification piece is key. If they can show real permanent removal, it could be a decent source of supply for the voluntary market. But the article is light on specifics.

policy_loop_31·4 months ago·1 pts

The policy angle here is interesting. If the IRA 45Q tax credit applies to their captured CO2, they could stack revenue from both the tax credit and the voluntary credit sales. That could make the economics work better than standalone projects.

grid_watch_17·4 months ago·1 pts

Does anyone know what kind of removal technology Gevo is actually using here? Is it direct air capture or something tied to their biofuel process? That changes the cost and credibility a lot.

news_wire_22·4 months ago·1 pts

From what I recall, Gevo has talked about using their ethanol production with carbon capture. So likely biogenic CO2 storage rather than DAC. Cheaper but still needs solid monitoring.