Gevo enters joint development agreement with SIRE

Gevo announced that it has entered into a joint development agreement with Southwest Iowa Renewable Energy, SIRE, to measure, report and verify carbon intensity, CI, through the entire value chain, inclusive of climate-smart agriculture practices to lower the carbon footprint of SIRE’s product portfolio. Utilizing the Verity Tracking platform under Gevo‘s newly created Verity Carbon Solutions business, this joint development agreement will focus on implementing tracking technology and developing the market for carbon inset credits that will help farmers and biofuel producers quantify the CI reductions for their products. This initiative plans to track reductions of CI to produce fuels and nutritional products through the use of "climate smart" agricultural practices, improvements in energy efficiency and potential use of defossilization of the input energy. "We are excited about our partnership with SIRE to track carbon intensity reductions through the entire value chain, creating high quality carbon insets. Unlike carbon offsets where the carbon reduction value is transferred to a value chain that may not be related, the carbon inset approach here allows carbon intensity reduction to be quantified throughout the value chain from the bushel to the gallon to drive continuous improvement," said Dr. Paul Bloom, Gevo’s Chief Carbon & Innovation Officer. "For end customers who want to reduce their carbon footprint within the value chains in which they participate, this effort aims to provide measurable improvement and trust in verification of those efforts."