Biorecro’s BECCS CDR credit portfolio strengthened with the addition of an in-operation project, while Gevo expands its carbon business and secures a stable new revenue stream.
Biorecro has entered into a collaboration with Gevo (NASDAQ: GEVO) for the commercialization of carbon dioxide removal credits generated at a BECCS facility in Richardton, North Dakota, USA.
The Richardton site, previously owned by Red Trail Energy, has been storing up to 165,000 tonnes of CO2 per year since 2022 as one of the first BECCS and industrial-scale carbon removal projects to become operational globally.
With the addition of this BECCS facility, Biorecro can provide immediate delivery of carbon removal credits (CDR credits) at scale, certified to the highest quality standard by Puro.earth.
For more information, please see the press release here.
