Minnesota Carbon Dioxide Storage Lease (with Landowner)
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FAQ
Summit Carbon Solutions is a multi-billion-dollar private investment with support from a wide-range of investors including John Deere, Continental Resources, and our ethanol plant partners.
Summit's pipeline would span 2,000 miles (3,218 km) across five states - with the most miles in Iowa - and transport as much as 18 million tons of captured carbon dioxide from 35 Midwest ethanol plants to an underground storage site in North Dakota.
How Much Carbon Does 1 Acre Tree Absorb? One acre of forest can absorb 4.5 to 40.7 tons of carbon dioxide and produce four tons of oxygen. The capture is enough to offset the annual carbon emissions produced by driving your car 26,000 miles.
Investors of Summit Carbon Solutions include The Rise Fund, SK E&S, Tiger Infrastructure Partners, Continental Resources and John Deere.
Richard Middleton - Chief Executive Officer - Carbon Solutions | LinkedIn.
These pipelines are part of an effort to reduce greenhouse gas emissions from ethanol production plants by capturing and storing carbon dioxide that would otherwise be released into the atmosphere.
The pipeline system will run approximately 2,000 miles in total with the ability to transport up to 12-million-tons of CO2 per year. The diameter of the pipeline/pipeline system will likely range from four to 24 inches.
Lee Blank. Mr. Blank brings more than three decades of experience in directing substantial growth, building high performance teams, and executing strategic plans.