The American Carbon Alliance welcomes last week’s partnership announcement between POET and the Summit Carbon pipeline. POET will connect its biofuel plants to the carbon pipeline, creating new agricultural markets and supporting rural communities—to capture the value of the biogenic CO2 from the bioethanol production process.
American Carbon Alliance CEO Tom Buis says, “This partnership will move the carbon capture and sequestration process along, creating a positive ripple effect throughout Midwest communities, for farmers and producers, local economies, and the global economy as a whole.”
The partnership strategically expands the carbon opportunity across the Midwest by incorporating POET’s 12 facilities in Iowa and five facilities in South Dakota into the Summit project. The addition will facilitate the capture, transportation, and permanent storage of 4.7 million metric tons of CO2 annually from the 17 POET bioprocessing plants. The American Carbon Alliance seeks to strengthen America’s agricultural economy, ensure a future marketplace for American-produced liquid fuel, and improve the environment for all.
