POET and Summit Carbon Solutions announce carbon capture partnership

In Iowa, POET and Summit Carbon Solutions signed a partnership to strategically expand the carbon opportunity across the Midwest by incorporating POET’s 12 facilities in Iowa and five facilities in South Dakota into the Summit project.

This addition will facilitate the capture, transportation, and permanent storage of 4.7 million metric tons of CO2 annually from the 17 POET bioprocessing plants.

“POET is excited to partner with Summit Carbon Solutions on this historic project,” said Jeff Broin, POET Founder and CEO. “As the world seeks low-carbon energy solutions, carbon capture ensures that ag-based biofuels will remain competitive for decades to come. This is a tremendous opportunity to bring value to farmers, bioethanol producers, and rural communities and counties in participating states, and I believe it will unleash even more opportunities for ag and bioprocessing in the future.”

The plants in South Dakota will be included in the upcoming state application, ensuring a streamlined integration into Summit’s existing project framework. Meanwhile, for the plants in Iowa, separate applications will be filed, the partners said.

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