Ethanol Maker Poet Agrees to Ship Carbon on Summit Pipeline
Poet LLC, the world’s top corn-ethanol producer, is teaming up with a company proposing a massive carbon-capture and storage project in the US as it pushes to slash biofuel emissions and tap into demand for sustainable aviation fuel and other burgeoning markets.
Summit Carbon Solutions has agreed to ship carbon dioxide from 17 Poet facilities through its proposed pipeline in the heart of the Corn Belt, giving the project a total of 51 ethanol plants and raising total capital expenditures 45% to $8 billion, according to Summit. South Dakota-based Poet is banking on the project just months after a similar…….
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