Summit Carbon Solutions Announces New Shipper for its Carbon Capture Project
Summit incorporates 8 Valero ethanol plants, which will capture 3.1 million metric tons of CO2 annually
March 4, 2024
Summit incorporates 8 Valero ethanol plants, which will capture 3.1 million metric tons of CO2 annually
This collaboration brings together two entities—both founded upon creating new agricultural markets and supporting rural communities—to capture the value of the biogenic CO2 from the bioethanol production process.
Progress never comes easy and so it is for a project the scope of burying CO2 pipelines from IA to ND and IL.
Summit Carbon Solutions, developer of the world’s largest carbon capture and storage project, is pleased to announce the successful completion of its equity fundraising efforts, which have resulted in over $1 billion in total equity commitments.
“We are joining two of North Dakota’s most prominent industries – agriculture and energy – to substantially lower CO2 emissions, while helping preserve American energy security,” said Mac McLennan, Minnkota President and CEO.
Continental Resources will commit $250 million over the next two years to help fund the development and construction of the project’s associated capture, transportation, and sequestration infrastructure, while also leveraging its operational and geologic expertise to help ensure the safe and secure storage of CO2.
Summit Agricultural Group announces the creation of Summit Carbon Solutions, a new business platform that will address the global challenge of decarbonization by developing the world’s largest carbon capture and storage project.
