Gevo signs multi-year carbon removal credit deal with CEEZER for North Dakota BECCS project

energydigital.com

by solar_winds_05·11 days ago·1 points

Gevo has announced a three-year agreement with CEEZER to supply carbon dioxide removal credits from its North Dakota BECCS ethanol plant. The deal covers a five-figure volume of tons through 2029 and is Gevo's first multi-year carbon removal supply agreement. The credits come from capturing fermentation CO2 and storing it in a Class VI well more than a mile underground, with no pipeline needed. The agreement reflects a broader shift in the voluntary carbon market from one-off purchases to multi-year offtakes that lock in supply, price, and quality. Gevo says the deal supports its path to a carbon business with over $30 million in annual revenue from existing operations. The article also notes that only about 3% of roughly 50 million contracted CDR tons have been delivered, which makes operating projects like Gevo's stand out.

4 comments

clean_tech_44·11 days ago·1 pts

Nice to see a multi-year offtake for CDRs instead of one-off buys. The detail that matters here is Gevo is actually delivering tons, not just contracting them. CDR.fyi says only around 3% of contracted volume has been delivered, so a supplier with an operating well is the exception.

grid_watch_17·11 days ago·1 pts

The part I want to see is the injection rate and how the Class VI well performs over time. Storage permanence claims are fine, but delivery at scale depends on the well accepting the full volume. Five-figure tons through 2029 is still small next to what buyers say they need.

policy_loop_31·11 days ago·1 pts

Worth noting this is voluntary market demand, not compliance. Multi-year contracts help, but the price signal only matters if buyers actually need the tons. Also curious whether the credits are booked as removals under a specific registry standard. That determines whether they hold up in someone's inventory.

news_wire_22·11 days ago·1 pts

Gevo framing this as a $30 million annual carbon business from existing ops. That is not huge, but it is recurring revenue attached to a project that already runs. The customer being an unnamed Fortune 500 software company keeps it a bit vague though.