Summit Carbon Solutions Partners with North Dakota Landowners to Achieve Major Project Milestone
- The company has secured easement agreements for more than 51% of the proposed pipeline route in North Dakota
- Summit Carbon Solutions has also secured 85% of the proposed sequestration area in the state or 130,000 total acres
AMES, Iowa (October 31, 2022) – Summit Carbon Solutions reached major project milestones in North Dakota as the company has now signed easement agreements for more than 51% of the proposed pipeline route and 85% of the proposed sequestration area in the state. Achieving these milestones shortly after the company submitted its application to the North Dakota Public Service Commission, the company’s carbon capture, transportation, and storage project remains on track to begin construction in the third quarter of 2023 and move into operations in 2024.
Through a nearly $900 million investment in North Dakota, Summit Carbon Solutions will utilize the state’s unique geology to permanently and safely store carbon dioxide. According to a study by global accounting leader Ernst & Young, the project will deliver nearly $400 million in total labor income in the state, which are dollars that will flow back to local businesses to generate ongoing economic growth. Additionally, the project will contribute an average of $465,000 in new property taxes in the counties where the project is located to help communities support critical local priorities such as school funding, road construction, public safety, economic development, and more.
On October 17, 2022, Summit Carbon Solutions submitted an application to the North Dakota Public Service Commission for the transportation component of the project. At a later date, the company will file separate storage facility permit applications with the North Dakota Industrial Commission for the sequestration sites, which are located in Oliver and Mercer Counties.
To learn more about Summit Carbon Solutions, please visit www.SummitCarbonSolutions.com.
Summit Carbon Solutions is driving the future of agriculture by expanding economic opportunities for ethanol producers, strengthening the marketplace for Midwest-based farmers, and creating jobs. In developing the largest carbon capture and storage project in the world, the company 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.