Gevo's Low-Carbon Model Seeks to Monetize Carbon Value

Gevo's CEO Paul Bloom says the company is positioning its North Dakota ethanol and carbon sequestration operations as the core of a broader low-carbon fuels and carbon-management business. The company operates a 67-million-gallon low-carbon ethanol facility in North Dakota that is connected to carbon capture and sequestration infrastructure.

The facility will increase capacity to 75 million gallons by the end of the year through a debottlenecking project, with an additional expansion planned to add another 75 million gallons of capacity. Gevo also operates a renewable natural gas platform in northwest Iowa that converts dairy manure biogas into renewable natural gas.

Bloom says Gevo's model differs from conventional ethanol production because the company seeks to monetize both the fuel and the carbon dioxide associated with production, selling carbon-related value into compliance markets or voluntary carbon dioxide removal markets.