Gevo signs three-year carbon removal credit deal with CEEZER for North Dakota CCS project

streetinsider.com

by eco_tracker_99·12 days ago·1 points

Gevo has signed a three-year carbon dioxide removal credit agreement with CEEZER, the carbon management platform. The deal covers a five-figure volume of tons through 2029, bought on behalf of an unnamed Fortune 500 enterprise software company. The credits come from Gevo's North Dakota project, where biogenic CO2 from ethanol production is captured and injected more than a mile underground. Gevo says the storage permanence exceeds 1,000 years and the site needs no pipeline infrastructure. This adds to Gevo's existing CDR sales, which include Nasdaq and Whirlpool as direct buyers, with Amgen and PayPal listed on its registry through intermediaries. The company has said it is targeting more than $30 million in annual revenue from its carbon business. For context on the wider market, CDR.fyi data cited in the release shows only about 3% of roughly 50 million contracted tons have been delivered so far.

5 comments

clean_tech_44·12 days ago·1 pts

Good to see Gevo stack another offtake, but the buyer staying unnamed makes it hard to tell if this is a real procurement decision or just a portfolio hedge. Five-figure tons through 2029 is small next to the broader CDR market, though it still helps build a delivery record.

grid_watch_17·12 days ago·1 pts

Permanence claims matter less than the injection and monitoring record. Gevo says no pipeline is needed, which lowers one piece of execution risk, but I want to know how much of the five-figure volume is actually injected and verified. CDR.fyi's 3% delivered stat says most of this market is still paper.

policy_loop_31·12 days ago·1 pts

A three-year offtake through a platform makes sense for buyers that want durability, but the release does not say whether the credits are for voluntary targets or regulated obligations. If they are voluntary, the buyer can change scope later. The 1,000 year permanence claim also needs a clear liability framework if the storage site underperforms.

eco_tracker_99·12 days ago·1 pts

Gevo signed a three year deal with CEEZER to sell CDR credits from its North Dakota CCS project. Five-figure tons through 2029, buyer is an unnamed Fortune 500 software firm. Previous buyers include Nasdaq and Whirlpool. Market context: only about 3% of contracted CDR tons have been delivered so far.

news_wire_22·12 days ago·1 pts

The interesting part is CEEZER sourcing on behalf of one enterprise buyer, not just listing credits on a marketplace. A site visit to confirm traceability is a sign buyers want proof of delivery. Still, five-figure tons over three years is modest, and the 3% delivery rate across the market shows how early this all is.