Gevo’s Verity Subsidiary Continues to Expand Customer Base and Provides Integrated Carbon-Intensity Tracking to Midwest Renewable Energy
Verity Holdings, a subsidiary of Gevo Inc. (NASDAQ: GEVO), has announced a new partnership with Midwest Renewable Energy (MRE), a Nebraska-based ethanol producer. MRE will utilize Verity's end-to-end carbon accounting platform to track sustainability metrics and enhance profitability. The platform will assist MRE in data collection, management, and lifecycle analysis calculations for participation in low carbon fuel production programs.
MRE, which produces ethanol for fuel, industrial, pharmaceutical, food, and beverage applications, aims to expand monetization opportunities through tax credits, compliance, and voluntary markets. The partnership will enable MRE to access carbon value opportunities beyond regulatory programs through Verity's network of clients.
Verity Holdings, una controllata di Gevo Inc. (NASDAQ: GEVO), ha annunciato una nuova partnership con Midwest Renewable Energy (MRE), un produttore di etanolo con sede in Nebraska. MRE utilizzerà la piattaforma di contabilizzazione del carbonio di Verity per monitorare le metriche di sostenibilità e migliorare la redditività. La piattaforma aiuterà MRE nella raccolta, gestione e calcolo delle analisi del ciclo di vita per la partecipazione a programmi di produzione di carburante a basse emissioni di carbonio.
MRE, che produce etanolo per applicazioni nei settori carburanti, industriale, farmaceutico, alimentare e delle bevande, punta ad espandere le opportunità di monetizzazione tramite crediti d'imposta, conformità e mercati volontari. Questa partnership permetterà a MRE di accedere a opportunità di valore del carbonio oltre i programmi regolatori grazie alla rete di clienti di Verity.
Verity Holdings, una subsidiaria de Gevo Inc. (NASDAQ: GEVO), ha anunciado una nueva asociación con Midwest Renewable Energy (MRE), un productor de etanol con sede en Nebraska. MRE utilizará la plataforma de contabilidad de carbono de Verity para rastrear métricas de sostenibilidad y mejorar su rentabilidad. La plataforma ayudará a MRE en la recolección de datos, gestión y cálculos de análisis del ciclo de vida para participar en programas de producción de combustibles de bajo carbono.
MRE, que produce etanol para aplicaciones de combustible, industrial, farmacéutica, alimentaria y de bebidas, busca expandir las oportunidades de monetización a través de créditos fiscales, cumplimiento y mercados voluntarios. La asociación permitirá a MRE acceder a oportunidades de valor de carbono más allá de los programas regulatorios a través de la red de clientes de Verity.
Verity Holdings는 Gevo Inc. (NASDAQ: GEVO)의 자회사로, 네브래스카에 본사를 둔 에탄올 생산업체인 Midwest Renewable Energy (MRE)와 새로운 파트너십을 발표했습니다. MRE는 Verity의 종합 탄소 회계 플랫폼을 사용하여 지속 가능성 지표를 추적하고 수익성을 향상시킬 것입니다. 이 플랫폼은 MRE가 저탄소 연료 생산 프로그램에 참여하기 위한 데이터 수집, 관리 및 수명 주기 분석 계산을 지원합니다.
MRE는 연료, 산업, 제약, 식품 및 음료 응용 분야를 위한 에탄올을 생산하며, 세금 공제, 규제 준수 및 자발적 시장을 통한 수익 창출 기회를 확장할 계획입니다. 이 파트너십은 MRE가 Verity의 고객 네트워크를 통해 규제 프로그램을 넘어 탄소 가치 기회를 접할 수 있게 해줄 것입니다.
Verity Holdings, une filiale de Gevo Inc. (NASDAQ: GEVO), a annoncé un nouveau partenariat avec Midwest Renewable Energy (MRE), un producteur d'éthanol basé au Nebraska. MRE utilisera la plateforme de comptabilité de carbone de Verity pour suivre les indicateurs de durabilité et améliorer sa rentabilité. La plateforme aidera MRE dans la collecte, la gestion des données et les calculs d'analyse du cycle de vie pour participer à des programmes de production de carburants à faibles émissions de carbone.
MRE, qui produit de l'éthanol pour des applications dans le carburant, l'industrie, la pharmacie, l'alimentation et les boissons, vise à élargir ses opportunités de monétisation grâce à des crédits d'impôt, à la conformité et aux marchés volontaires. Ce partenariat permettra à MRE d'accéder à des opportunités de valeur carbone au-delà des programmes réglementaires grâce au réseau de clients de Verity.
Verity Holdings, eine Tochtergesellschaft von Gevo Inc. (NASDAQ: GEVO), hat eine neue Partnerschaft mit Midwest Renewable Energy (MRE), einem in Nebraska ansässigen Ethanolproduzenten, angekündigt. MRE wird die End-to-End-Kohlenstoffbilanzierungsplattform von Verity nutzen, um Nachhaltigkeitsmetriken zu verfolgen und die Rentabilität zu steigern. Die Plattform wird MRE bei der Datenerhebung, -verwaltung und Lebenszyklusanalysen unterstützen, um an Programmen zur Produktion von kohlenstoffarmen Kraftstoffen teilzunehmen.
MRE, das Ethanol für Kraftstoff, Industrie-, Pharma-, Lebensmittel- und Getränkezwecke produziert, strebt an, die Monetarisierungsmöglichkeiten durch Steuergutschriften, Compliance und freiwillige Märkte zu erweitern. Die Partnerschaft wird MRE ermöglichen, über regulative Programme hinaus auf Kohlenstoffwertmöglichkeiten über das Netzwerk von Verity-Kunden zuzugreifen.
- New client acquisition expanding Verity's customer base in biofuels sector
- Platform enables additional revenue streams through carbon credits and compliance markets
- Partnership creates potential for cross-client monetization opportunities
- None.
Insights
The partnership between Verity and Midwest Renewable Energy (MRE) represents a strategic move in the carbon accounting and sustainability tracking space, but with immediate financial impact. While the deal enhances Gevo's Verity subsidiary's market presence in the biofuels sector, the revenue potential remains modest relative to Gevo's
The development indicates Verity's growing traction in providing end-to-end carbon accounting solutions, but without disclosed financial terms or projected revenue impact, this appears to be a regular business development announcement rather than a material catalyst for Gevo's stock. Think of this as laying another brick in the foundation rather than completing the whole building - important for long-term growth but not an immediate game-changer.
From a technical perspective, Verity's digital MRV (measure, report, verify) platform offers significant operational advantages by streamlining complex carbon accounting processes. The platform's ability to track carbon intensity metrics across the entire business system - from field-level corn feedstock to final ethanol production - differentiates it in the market. The integration of distributed ledger technology adds credibility and transparency to environmental reporting, which is important for participation in both compliance and voluntary carbon markets.
However, while technologically sound, this partnership represents incremental growth rather than a transformative development. It's like adding another node to an existing network - valuable for system robustness but not fundamentally altering the network's architecture. The real test will be Verity's ability to scale these implementations across multiple clients and demonstrate measurable impact on clients' bottom lines through enhanced carbon credit monetization.
Nebraska-based ethanol producer Midwest Renewable Energy expected to use Verity as their end-to-end carbon accounting platform
ENGLEWOOD, Colo., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Verity Holdings, LLC (“Verity”) is pleased to announce that it has added ethanol producer Midwest Renewable Energy, LLC (“MRE”) as a client that intends to track sustainability while improving its profitability. With the additional client, Verity continues to expand its customer base in biofuels, and MRE expects to use Verity products and services to simplify its data collection, data management, and lifecycle analysis (“LCA”) calculations to help its participation in low carbon fuel production programs and incentives.
Based in Sutherland, Nebraska, MRE produces, and markets, high-quality ethanol for a range of applications, including products graded for fuel, industrial, USP or pharmaceutical, food, and beverages. MRE is looking for expanded monetization opportunities and identified pathways to drive additional value for their ethanol across tax credits, compliance, and voluntary markets.
“Verity will work with MRE to prove and quantify its carbon-intensity metrics across its entire business system,” says Dr. Paul Bloom, Head of Verity and Gevo’s Chief Carbon Officer and Chief Innovation Officer. “Verity intends to help MRE improve the bottom line for its homegrown products.”
MRE turned to Verity to serve as its end-to-end carbon accounting platform. From field-level carbon intensity scores for corn feedstock to process and production carbon intensity scores attributed to every gallon of ethanol, Verity provides businesses with a data-driven tool that simplifies decisions and drives profitability. By partnering with Verity, MRE gains access to opportunities with other Verity clients to further monetize carbon value beyond regulatory and compliance programs, including but not limited to the voluntary carbon market.
Verity is a wholly owned subsidiary of Gevo, Inc. (NASDAQ: GEVO) that is dedicated to providing full-service carbon project development through its proprietary digital measure, report, and verify (“MRV”) platform, powered by distributed ledger technology. Verity specializes in carbon accounting and services aimed at maximizing the value of environmental benefits throughout the entire business system.
About Gevo
Gevo's mission is to convert renewable energy and biogenic carbon into sustainable fuels and chemicals with a net zero or better carbon footprint. Gevo’s innovative technology can be used to make a variety of products, including sustainable aviation fuel (“SAF”), motor fuels, chemicals, and other materials. Gevo’s business model includes developing, financing, and operating production facilities for these renewable fuels and other products. It currently runs one of the largest dairy-based renewable natural gas (“RNG”) facilities in the United States. It also owns the world’s first production facility for specialty alcohol-to-jet (“ATJ”) fuels and chemicals. Gevo emphasizes the importance of sustainability by tracking and verifying the carbon footprint of its business systems through its Verity subsidiary.
For more information, see www.gevo.com.
About Verity
Verity is at the forefront of creating the ability to track, verify, and empirically value carbon intensity across the full carbon lifecycle. Verity Holdings, LLC is a wholly owned subsidiary of Gevo, Inc. For more information, see www.veritytracking.com.
Forward Looking Statement
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, Verity’s technology and platform, the commercial benefits of using the Verity platform, and the attributes of Verity’s platform, and other statements that are not purely statements of historical fact. These forward-looking statements are made based on the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2023, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.
Media Contact
Heather L. Manuel
VP, Stakeholder Engagement & Partnerships
PR@gevo.com
IR Contact
Eric Frey
Vice President of Corporate Development
IR@Gevo.com
FAQ
What is the purpose of Midwest Renewable Energy's partnership with Gevo's Verity subsidiary?
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