EY study shows economic impact of proposed Summit Carbon Solutions project

In Iowa, a new study shows that Summit Carbon Solutions’ proposed carbon capture, transportation, and storage project will create jobs, generate new tax revenue for local communities, support local suppliers, and strengthen the Midwest regional economy. Ernst & Young conducted the study.

Summit Carbon Solutions has partnered with 32 ethanol plants across the states of Iowa, Minnesota, Nebraska, North Dakota, and South Dakota, to develop the largest carbon capture and storage project in the world. This multi-billion-dollar infrastructure project will have the capacity to capture and permanently store 12 million tons of carbon dioxide every year, while opening critical new markets for ethanol producers and bolstering the bottom line of corn growers.