In Iowa, Summit Carbon Solutions is proud to announce a significant partnership with NuGen Energy, an ethanol plant in Marion, South Dakota, principally owned by REX American Resources. NuGen joins 32 leading ethanol plants as partners in the transformative carbon capture and storage project led by Summit Carbon Solutions. NuGen Energy began operations in 2008 […]
In Iowa, Summit Carbon Solutions has signed a multi-year agreement to sell Carbon Dioxide Removal credits (CDRs) to the NextGen CDR Facility (NextGen). In total, NextGen announced the purchase of 193,000 tons of CDRs from three projects, including a leading U.S. direct air capture project and a Finnish biochar manufacturer, making this one of the […]
In Iowa, Summit Carbon Solutions has engaged CIBC World Markets Corp. (CIBC) as financial structuring advisor for the company’s $4.5 billion project, which will be capable of capturing and permanently storing more than 12 million tons of carbon dioxide every year. CIBC will partner with Morgan Stanley in advising Summit Carbon Solutions on project-level debt […]
In New York state, Tiger Infrastructure Partners announced that portfolio company Summit Carbon Solutions, developer of the world’s largest carbon capture and storage project, completed its $1 billion equity raise including a $300 million commitment from TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise. SCS is Tiger […]
In South Dakota, AgWeek reports that Summit Carbon Solutions has asked the state’s Public Utilities Commission for an extension for its permitting process to May 16, 2023, as opposed to the February 9, 2023, the date it would normally have to complete everything by based upon its original permitting application date. The PUC on Tuesday […]
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 […]
In Iowa, Summit Carbon Solutions is pleased to announce a new partnership with Bushmills Ethanol, Inc. to decarbonize its ethanol plant in Atwater, Minnesota. Bushmills Ethanol is the 32nd ethanol plant to officially join Summit Carbon Solutions’ transformative carbon capture and storage project. The plant began operations in 2005, and currently produces 85 million gallons […]
In Iowa, Summit Carbon Solutions announced an additional investment from Tiger Infrastructure Partners, an original founding investor of Summit Carbon Solutions and a member of its Board of Directors, bringing Tiger’s total commitment to the company to $100 million. Including the commitment from Tiger Infrastructure Partners and the recently announced $250 million commitment from Continental […]
In Iowa, Summit Carbon Solutions is pleased to announce a new partnership with Northern Plains Nitrogen (“NPN”) in its carbon capture and storage project, which is focused on decarbonizing the agriculture and biofuels industries. NPN is developing a world-scale blue ammonia plant near Grand Forks, North Dakota, which will supply a range of low carbon […]
In Iowa, Summit Carbon Solutions has commenced drilling multiple stratigraphic test wells, a key milestone in its development of the world’s largest carbon capture and storage project. The test wells and Summit’s permanent geologic storage sites are in North Dakota, where Summit has formed relationships with local landowners and is now collecting data to guide […]
