Agricultural Benefits

ethanol-plant

Summit Carbon Solutions will bolster the ethanol and agricultural industries that are so critical to the Iowa and regional economies. Currently, the ethanol industry:

– Supports 360,000 jobs

– Contributes more than $45 billion to annual U.S. GDP

– Utilizes approximately 40% of corn produced in the U.S.

– Provides a $14 billion boost to grain markets

The project will put ethanol produced at our 31 partner facilities on track to become a net-zero fuel by 2030. This will allow these plants to access new and emerging markets that have adopted low carbon fuel standards.

Economic Benefits

Summit Carbon Solutions will utilize local contractors, local suppliers, and local businesses to provide ongoing economic benefits to local communities across the Midwest.

– $4.5 billion total investment

– Thousands of jobs will be created during construction

– Hundreds of full-time jobs will be created once operational

Environmental Benefits

grass

Once completed, Summit Carbon Solutions’ Project will be the largest carbon capture and storage project in the world. This project will have the capacity to capture and permanently store up to 12 million tons of CO2 every year. That’s the equivalent of removing 2.6 million vehicles from our roads annually.