Summit Carbon Solutions partners with landowners on 70% of pipeline route

(Valley News Live) - More than 375 landowners across North Dakota have signed easement agreements accounting for 70% of the proposed pipeline route for Summit Carbon Solutions.

North Dakota landowners have also signed agreements for 85% of Summit Carbon Solutions’ proposed sequestration site or 135,000 total acres. Officials say 4,000 total agreements were signed throughout Iowa, Minnesota, South Dakota and North Dakota. 1,250 total miles of right-of-way was secured.

“Landowners across North Dakota and the Midwest have embraced Summit Carbon Solutions’ carbon capture project because they recognize this investment will bolster our most critical economic industries – agriculture, energy, and ethanol,” said Summit Carbon Solutions’ CEO, Lee Blank. “As a company rooted in agriculture, we are incredibly proud to have formed partnerships with thousands of landowners across the Midwest and will continue to work with these individuals and families to drive the future of our ag economy.”

Ethanol plants across the Midwest have joined carbon capture projects like Summit Carbon Solutions. They say investments will allow ethanol producers to sell their product at a premium in a growing number of states and countries that have adopted low carbon fuel standards.

They say access to these markets are critical to the long-term viability of the ethanol industry. The ethanol industry buys around 40% of all the corn grown in the country.

During construction, Summit Carbon Solution says it will create more than 11,000 jobs, contribute $371 million in new federal, state and local taxes, and invest nearly $900 million in North Dakota. Once the project is done, the company says it will have more than 1,100 full-time team members and pay nearly $100 million in taxes annually.

To learn more about Summit Carbon Solutions, visit www.SummitCarbonSolutions.com.