PIXABAY

May 05, 2022

Golden Grain Energy Partners on Midwest Carbon Express

Partnership will allow over 350,000 tons of carbon dioxide to be captured, transported and deposited underground

Golden Grain Energy, LLC is joining forces with Summit Carbon Solutions on the Midwest Carbon Express.

The partnership will allow over 350,000 tons of carbon dioxide to be captured, transported and deposited deep underground through Summit Carbon Solutions’ transportation and storage platform.

“Creating an environmentally-friendly energy source has always been a top priority for our company,” said Chad Kuhlers, CEO.

“We are proud to join with Summit Carbon Solutions on this transformational project so we can continue to create clean, safe, affordable energy for rapidly growing low-carbon fuel markets.”

Bruce Rastetter, CEO of Summit Agricultural Group, says the company is grateful to join a progressive group of partner plants that are focused on lowering their carbon footprint in a safe, economical way.

Midwest Carbon Express

Summit Carbon Solutions is proposing a pipeline, dubbed the Midwest Carbon Express, which would be more than 2,000 miles long and cross five states in total; more than 700 miles are planned across Iowa.

The $4.5 billion Summit project would be a potential boon for Midwest ethanol producers. Summit looks to connect as many as 31 ethanol plants, including as many as 12 plants in Iowa.

By trapping their carbon emissions and pumping them into the ground in North Dakota, the ethanol plants stand to capture premiums from low-carbon fuel markets such as California. The ethanol plant and pipeline would split the premium.

Lisa Cleaver

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Magazine

Marketwatch: May, 28

US Corn Price Idx: ZCPAUS.CM

open: 7.6273
high: 7.741
low: 7.6223
close: 7.7113

US Soybean Price Idx: ZSPAUS.CM

open: 16.9414
high: 17.1044
low: 16.9237
close: 16.9795

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 11.718
high: 11.9549
low: 11.658
close: 11.7977

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 10.8628
high: 11.0906
low: 10.8128
close: 10.9646