A new partnership between POET and Summit Carbon Solutions is expected to help capture nearly five million tons of CO2 annually.
The agreement will incorporate 17 of POET’s biofuels production facilities into Summit’s carbon capture pipeline project. Tom Buis, CEO of the American Carbon Alliance, tells Brownfield the announcement is groundbreaking for the future of carbon pipelines.
“Lowering the carbon index at the ethanol plants is going to give new market demand for ethanol going forward,” he said, “because it qualifies the plants as low carbon biofuels and that translates back to the farm and certainly back to those rural states.”
In a press release, POET says the timeline for the addition of its plants in Iowa and South Dakota will be strategically planned to allow Summit time to adhere to local regulations.