Summit Agricultural Group announces the creation of the world’s largest carbon capture and storage project for biorefineries and other carbon dioxide emission sources

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Type of post: NEWS.

Summit Agricultural Group has announced 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. In doing so, Summit Carbon Solutions will accelerate the transition toward sustainable, renewable energy by dramatically lowering the carbon footprint of biorefineries and other carbon dioxide emission sources throughout the Midwestern region of the United States. Green Plains has already confirmed that three of its biorefineries have entered into a long-term carbon offtake agreement with Summit Carbon Solutions.
Press releases:

Summit Carbon Solutions is proceeding with initial engineering, design and permitting associated with the project, which will permanently store carbon dioxide in underground saline geologic formations. Expected to be operational in 2024, Summit Carbon Solutions will be the largest carbon capture and storage project in the world.

When fully developed, Summit Carbon Solutions will have an infrastructure network capable of capturing and permanently storing more than 10 million tons of carbon dioxide annually, which is equivalent to taking 2 million cars off the road per year. In addition to the project’s positive environmental impact, it will enhance the economic sustainability of the biofuels and agriculture industries, while providing tremendous benefits to communities across the Midwest in the form of significant private investment and job creation.

Summit Carbon Solutions has partnered with a select group of leading biorefiners located in Iowa, Minnesota, South Dakota and North Dakota to execute the first phase of the project. In addition to biorefiners, Summit Carbon Solutions will partner with other industries throughout the Midwest that have carbon reduction goals to help them capture and store their emissions.

Green Plains will initially connect the biorefineries at Fairmont (Minnesota), Fergus Falls (Minnesota) and Superior (Iowa) and have the option to expand to additional locations as the pipeline network grows. Green Plains will make an initial investment in Summit Carbon Solutions to help fund the development of the project and expects the pipeline to begin operation in late 2024.

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