POET is now becoming a part of Summit Carbon Solutions carbon capture and storage project.
The joint venture was announced this (Mon) morning. The agreement will incorporate POET’s 12 facilities in Iowa and five facilities in South Dakota into the Summit project. POET has bioprocessing plants in Arthur and Emmetsburg.
A press release says the addition of POET facilities will allow for the capture, transportation, and permanent storage of 4.7 million metric tons of carbon dioxide.
The release goes on to say that the plants in South Dakota will be included in an upcoming application with that state, while separate applications will be made for those in Iowa.
The proposed Summit pipeline would run through several northwest Iowa counties.
(thanks to Community First Broadcasting station KUOO for contributing)