AMES,
Iowa, May 25, 2023 /PRNewswire/ -- Summit Carbon
Solutions is proud to announce a significant partnership with NuGen
Energy, an ethanol plant in Marion, South
Dakota, principally owned by REX American Resources (NYSE:
REX).
NuGen joins 32 leading ethanol plants as partners in the
transformative carbon capture and storage project led by Summit
Carbon Solutions. NuGen Energy began operations in 2008 and has a
production capacity of 150,000,000 gallons per year.
Summit Carbon Solutions is leading the development of the
world's largest carbon capture and storage project. Once complete,
Summit Carbon Solutions and their partners will safely capture,
transport, and permanently store up to 18 million metric tons of
carbon dioxide each year. The project, spanning Minnesota, Iowa, Nebraska, South
Dakota, and North Dakota,
significantly reduces the carbon footprint of participating ethanol
plants and allows them new market opportunities. This supports an
"all of the above" approach to national energy security by
enhancing the production of domestic renewable energy and
subsequently reducing our reliance on foreign oil.
"We are excited to welcome NuGen to our expanding network of
partners," stated Lee Blank, CEO of
Summit Carbon Solutions. "NuGen shares our dedication to supporting
the long-term sustainability of U.S. agriculture by decarbonizing
the supply chain. NuGen's commitment to quality, yields, and
efficiency aligns perfectly with our vision."
"We are delighted to partner with Summit on this important
carbon capture storage project," said Zafar
Rizvi, CEO of Rex American Resources. "Strategically, the
location of our NuGen facility in Marion,
South Dakota and our goals to reduce greenhouse gas
emissions perfectly align with Summit Carbon Solutions. We look
forward to working with Summit to achieve our sustainability
targets and making a positive impact on the environment."
The partnership with NuGen will remove and permanently store an
additional 450,000 metric tons of CO2 per year. This CO2 will be
compressed and transported to North
Dakota for permanent geologic storage, furthering the
project's environmental benefits.
The partnership with NuGen comes amidst another notable
milestone for Summit Carbon Solutions; the successful acquisition
of 70 percent of the pipeline route through voluntary easements
with nearly 2,500 landowners. This achievement underlines the
strong community support and shared vision for sustainable
agriculture and energy production.
About Summit Carbon Solutions:
Summit Carbon Solutions aims to reduce greenhouse gas
emissions by connecting industrial and biogenic CO2 emitters
through strategic infrastructure to store carbon dioxide safely and
permanently in the Midwestern United States.
To learn more about Summit Carbon Solutions, please
visit: www.SummitCarbonSolutions.com
Media Contact for Summit Carbon Solutions:
Sabrina Zenor
Director, Marketing and Communications
515.207.8608
media@summitcarbon.com
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SOURCE Summit Carbon Solutions