Gevo doubles North Dakota capacity to 150 MMgpy, pivots away from South Dakota
Gevo announced a second 75 million gallon per year ethanol unit at its Richardton, North Dakota facility, doubling site capacity to 150 MMgpy with 400,000+ MT annual CO₂ capture. Stock surged 12.9%. The move signals a strategic reset: shelving a South Dakota SAF plant, Gevo is betting that integrated CCS at an existing biofuel site is a faster path to scaled low-carbon fuel production than building from scratch.
Microsoft Signs 1 Million-Unit Biochar Deal With Liferaft
Microsoft's 10-year, 1-million-CRU offtake agreement with Iowa-based Liferaft, finalized March 25, 2026, marks the largest U.S. biochar carbon removal deal on record and signals structural maturation of the voluntary carbon removal market.