Gevo gains on sale of carbon credits from North Dakota asset

Gevo

21/07/2025 15:07

** Shares of U.S.-based renewable fuels company Gevo GEVO.O rise 1.2% to $1.57

** Company announces the sale of carbon removal credits, known as CORCs, from its North Dakota ethanol-production facility

** GEVO says CO2 produced by operations at its North Dakota facility is currently being generated and sequestered through carbon capture and storage (CCS), delivering credits backed by real carbon removal

** Adds that biogenic CO2 is captured and securely stored underground—enabling the generation of the CORCs in its North Dakota facility

** CO2 is a product that is often used in industrial applications, including the food and beverage industry or the petroleum production industry through enhanced oil recovery (EOR)

** Including session moves, stock down 24.5% YTD

 (Reporting by Pooja Menon in Bengaluru)

 ((Pooja.Menon@thomsonreuters.com;))