POET Ethanol and Summit Carbon Solutions announced a partnership connecting the world’s largest biofuel producer with the world’s largest carbon capture and storage project. The collaboration will capture the value of biogenic CO2 from the bioethanol production process. The partnership strategically expands the carbon opportunity across the Midwest by incorporating POET’s 12 Iowa facilities and five South Dakota facilities into the Summit project. “As the world seeks low-carbon energy solutions, carbon capture ensures that ag-based biofuels will remain competitive for decades,” says POET CEO Jeff Broin. “This is a tremendous opportunity to bring value to farmers, bioethanol producers, and rural communities in participating states.” Broin also believes this collaboration will unleash even more opportunities for ag and bioprocessing in the future. “This initiative is aimed at enhancing the financial profitability of our farmers and ensuring a more prosperous future for rural communities,” says Lee Blank, CEO of Summit Carbon Solutions.
POET and Summit announce partnership
