Ethanol producer Valero Energy is joining a major carbon dioxide pipeline network in the Midwest, providing a boost to the $8 billion project.
Summit Carbon Solutions announced Monday that eight Valero ethanol plants will supply trapped CO2 to the development, which is slated to transport and store emissions from nearly 60 facilities across five states. The CO2 would be sequestered deep underground in North Dakota.
The addition of Texas-based Valero — a huge producer of fuels and other products — adds to the momentum for a project aimed at helping to decarbonize the ethanol industry concentrated in the Midwest. Summit and Poet — the country’s largest producer of biofuels — announced a partnership in January that incorporates 17 plants into Summit’s proposal.
The project is intended for parts of Iowa, Nebraska, Minnesota, South Dakota and North Dakota.
