Navigator CO2 Ventures has signed an agreement to provide carbon capture, utilization, and storage (CCUS) services to POET biorefineries on Navigator’s Heartland Greenway system.

The agreement outlines Navigator’s integrated CCUS services for approximately five (5) million metric tons of POET’s biogenic CO2 annually and establishes a collaborative path for the development of a central carbon offset marketplace and carbon use logistics platform. The system will phase in 18 of POET’s bioprocessing facilities across Iowa, Nebraska, and South Dakota, and is on schedule for operational in-service in 2025.

“We recognize that now is the time to take bold action to preserve our planet for future generations,” said Jeff Broin, POET Founder and CEO. “POET has been a leader in low-carbon biofuels and CO2 capture for commercial use for decades, and this project is another significant step in utilizing bioprocessing to accelerate our path to net-zero. We choose our partners carefully, and we believe Navigator has the expertise to deliver long-term value to rural America by further positioning agricultural commodities as a viable source of low-carbon liquid fuels to power our future.”

The companies say the joint effort will create the largest combined distribution network for high-quality, biogenic CO2. With the addition of POET to the platform, Navigator’s Heartland Greenway system will provide CCUS services for more than 30 industrial processors across the agriculture and food production value chains, representing over 10 million tons of annual CO2 emissions, including the two largest bioethanol producers in the United States.