Net-zero hydrocarbon fuels leader Gevo this week announced the acquisition of the ethanol production plant and carbon capture and sequestration (“CCS”) assets of Red Trail Energy in North Dakota for $210 million. In a conference call announcing the acquisition, Gevo CEO Dr. Patrick Gruber said it will provide an ideal Net-Zero site for future sustainable aviation fuel (“SAF”) production that …
Summit Carbon Evaluating SD Supreme Court Ruling
The South Dakota Supreme Court dealt a blow to Summit Carbon Solutions Thursday in a ruling that sends its claim to be a common carrier back to the lower court. The designation as a common carrier is necessary to use eminent domain to survey on private property. Summit Carbon said in a statement it is “evaluating the South Dakota Supreme …
Iowa Grants Approval for Summit Carbon Pipeline
The Iowa Utilities Board (IUB) granted approval this week for the Summit Carbon Solutions base pipeline project in the state. Iowa Renewable Fuels Association Executive Director Monte Shaw applauded the decision, which follows a public docket open almost three years and the longest public hearing in the history of IUB. “Today’s decision creates monumental opportunities for Iowa farmers faced with …
Iowa RFA Criticizes Sierra Club Report
The Iowa Renewable Fuels Association (IRFA) is blasting a report from the Sierra Club Iowa Chapter this week claiming the Summit Carbon pipeline project in the state will need over three billion gallons of water and threatens to drain the aquifer. “Today’s ‘so-called’ study from the Iowa Sierra Club is no more based in reality than the report they released …
Summit Carbon Solutions Partners with POET
Summit Carbon Solutions and POET have announced a partnership to expand the carbon opportunity across the Midwest by incorporating POET’s 12 facilities in Iowa and five facilities in South Dakota into the Summit project. This addition will facilitate the capture, transportation, and permanent storage of 4.7 million metric tons of CO2 annually from the 17 POET bioprocessing plants. “This initiative …
Carbon Pipeline Project Cancelled
After working for more than two years on a proposed five-state carbon pipeline project, Navigator CO2 today announced it was cancelling the project due to “the unpredictable nature of the regulatory and government processes involved, particularly in South Dakota and Iowa.” Matt Vining, CEO of Navigator CO2 remarked, “As good stewards of capital and responsible managers of people, we have …
ACE Carbon Capture Panel
The final panel at the recent American Coalition for Ethanol (ACE) conference dealt with carbon capture and storage, and everything from permitting, construction, and operation of pipeline projects to CO2 utilization opportunities for ethanol producers. ACE board president Dave Sovereign, Golden Grain Energy, moderated “The Journey to Capture, Store, and Utilize Carbon” which featured Britta Bergland, Senior Analyst for Merjent, …
ACE Leadership Optimistic About Opportunities
Attendance is strong at the 2023 American Coalition for Ethanol (ACE) Conference in Minneapolis this week and the mood is optimistic. “We see a lot of opportunities so I think it’s pretty positive,” said ACE President Dave Sovereign, Golden Grain Energy. “Personally, I’m very optimistic about what we are going to see in the next one to two years.” Sovereign …
Everything Counts at The ACE
The increased emphasis on reducing carbon provides a great opportunity for the ethanol industry and everything counts when it comes to getting that carbon score down. In his opening remarks at the organization’s annual meeting in Minneapolis this week, American Coalition for Ethanol (ACE) CEO Brian Jennings congratulated the ethanol producers in attendance for the investments they have already made …
RFA Talks Net-Zero Carbon Emissions Progress at FEW
At the 2023 Fuel Ethanol Workshop in Omaha today, Renewable Fuels Association Vice President for Strategy and Innovation Tad Hepner presented the findings a survey of U.S. ethanol producers and a new white paper that shows the industry to be on track toward its net-zero-carbon goal, with facilities producing ethanol that is up to 55 percent less carbon intensive than …