Published by Todd Bush on March 11, 2024
Summit Carbon Solutions (Summit) partnered with Valero, the world's second-largest corn ethanol producer, marking a significant advancement in developing low-carbon transportation fuels and highlighting the crucial role of carbon capture technology in this shift.
RELATED: Summit Carbon Solutions Announces New Shipper for its Carbon Capture Project
Valero joining Summit's project, the world's largest proposed carbon capture and storage initiative, marks a major achievement in the industry. Summit excels in capturing and storing carbon dioxide (CO2) emissions, while Valero is a pioneer in producing low-carbon ethanol. This strategic collaboration enables them to merge knowledge and resources, laying the groundwork for a more sustainable future for transportation fuel.
>> In Other News: Trace Carbon Solutions Submits Class VI Permit Application for Two CO2 Injection Wells to Serve Emission Sources Along the Gulf Coast
Carbon capture technology traps CO2 emissions during production, keeping them from entering the air. Applying this technology in ethanol plants decreases their carbon footprint, making ethanol a cleaner fuel. Summit's project employs pipelines to carry captured CO2 for secure and lasting underground storage.
The partnership between Summit and Valero significantly enhances low-carbon fuel production. By integrating eight of Valero's ethanol plants into the project, the initiative will capture 3.1 million metric tons of CO2 annually, thereby reducing the carbon intensity of the resulting ethanol. This results in over a billion gallons of cleaner ethanol entering the market, meeting the increasing demand for low-carbon fuels.
The project's potential to grow and expand offers hope for the future of the ethanol industry. Although the widespread use of carbon capture technology encounters obstacles such as infrastructure expenses and regulatory structures, the Summit-Valero partnership showcases an effective model that can be duplicated, leading the path towards more sustainable fuel production.
The collaboration between Summit Carbon Solutions and Valero showcases the potential of innovation in addressing climate change. By utilizing carbon capture technology, this project facilitates the production of low-carbon fuel, offering a cleaner alternative for the transportation sector. The success of this initiative highlights the ongoing need for efforts in this field, promoting further collaboration and technological advancements to revolutionize the future of fuel production and contribute to a more sustainable world.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🔌 BP's Indiana Exit Is Not the Endgame for Clean Hydrogen ☀️ Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch 🏗️ Heidelberg Materials Inaugurates Brevik CCS...
Inside This Issue 🧩 Who Gets Left Behind? Inside the Senate Plan Reshaping America's Clean Energy Future 🌿 TMD Energy Limited Enters into Strategic Memorandum of Agreement to Advance Green Bioener...
Inside This Issue 🛑 BP Pauses Project to Pipe, Store Carbon Emissions Underground in Indiana Indefinitely 🤝 Deep Sky Announces Multi-Year Offtake Agreement with Rubicon Carbon 🤖 Automating Hydroge...
Industry-first framework addresses critical gaps in carbon capture verification, enabling safer, more bankable projects DNV has released a new service specification (DNV-SE-0696) for the verificat...
Cadiz Signs Second MOU for Hydrogen - Solar Development at Cadiz Ranch
Clean energy and digital infrastructure projects at Cadiz expected to generate $7-$10 million per year in lease revenue and water supply sales, in addition to supporting sustainable water and farmi...
Expro Wins Well Test Contract for Major UK CCS Project
Latest contract extends Expro’s decade-plus support of the UK Carbon Capture and Storage (CCS) industry ABERDEEN, Scotland--Energy services provider, Expro (NYSE: XPRO), has secured a key contract...
MAX Power Team Identifies Rare Basement Source Rocks as Potential Natural Hydrogen Source
Multi-Well Drill Program Planned for Target-Rich Areas MAX Power Acquires Exploration Permits Covering 1.3 Million Acres Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - MAX Power M...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.