Gevo, SIRE partner to measure, report and verify CI
Summary
Utilizing the Verity Tracking platform under Gevos 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. With these tools in place, companies like Gevo and SIRE should then be able to source low-carbon grain from farmers and reward them for their contributions to overall CI reductions. “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.” Mike Jerke, SIRE CEO stated, “Farmers have always understood that their livelihood is directly tied to the land, and they are quick to adopt practices that benefit the soil for the long-term. This partnership between Gevo and SIRE will provide a market driven approach to tracking reductions of CI through the use of climate smart agricultural practices, energy efficiency projects and potential defossilization of the input energy for the production of agricultural based products including biofuels, food, animal feed, and renewable chemicals. Farmers and other value chain participants who contribute to lowering CIwill be financially rewarded for their efforts while companies like Gevo and SIRE are able to continue to make improvements on the path to net-zero carbon emissions energy, liquid transportation fuels, and renewable chemicals.