Gevo subsidiary signs $26M carbon-credit sales pact with Biorecro through 2030

Gevo, Inc.

Net-Zero Richardton, LLC to sell ~$26M in carbon dioxide removal credits to Biorecro North America, quarterly over term ending Dec 31, 2030.
Buyer has option to extend term up to 10 additional years and to purchase extra CDRs each quarter, subject to seller's consent.
Agreement covers CDRs from Gevo's Richardton, ND ethanol plant with carbon capture and sequestration certified by Puro.earth.
Seller must deliver minimum contract quantities per quarter; failure to deliver may trigger damages capped at [***].

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