Summit Carbon Solutions Participates in Fuel Ethanol Workshop
(AMES, Iowa) June 15, 2022 – This week, Summit Carbon Solutions participated in the Fuel Ethanol Workshop (FEW) in Minneapolis, Minnesota.
As part of the overall workshop, the Carbon Capture & Storage Summit explored the economics of carbon capture and storage projects, the infrastructure required, and marketplace impacts to participating producers. FEW is in its 38 year and is the premier forum for unveiling new technologies in the ethanol industry.
On Monday, Jim Pirolli, Summit Carbon Solutions’ Chief Commercial Officer, moderated a panel called Game Changer: Reviewing the Ambitions for CCS in Ethanol’s Journey to America’s First Zero Carbon Transportation Fuel. The panel dove into the opportunities of CCS as well as the obstacles the industry will need to overcome.
Later in the day, Summit Carbon Solutions Chief Financial Officer Aaron Hood spoke on a panel focused on carbon capture tax policy. Ahead of the event, Hood discussed carbon capture tax credits with Carbon Capture Magazine. You can hear his full interview from Carbon Capture Magazine here.
Bruce Rastetter, CEO of Summit Agriculture Group, headlined the FEW and discussed the important economic impact summit’s pipeline will have throughout the Midwest. The project is expected to generate $371 million in federal, state, and local taxes as well as create 11,427 jobs.
“Summit Carbon Solutions is committed to driving the future of agriculture by expanding economic opportunities for ethanol producers across the footprint of our project,” said Rastetter. “This project will be transformational for the ethanol industry and, by extension, the agriculture industry, creating stable corn markets for generations of farmers”
FEW is the world’s largest ethanol event with more than 2,000 attendees and 300 exhibitors.
Summit Carbon Solutions seeks to lower greenhouse gas emissions by connecting industrial facilities via strategic infrastructure to store carbon dioxide safely and permanently in the Midwestern United States. For more information, visit: www.summitcarbonsolutions.com.