Navigator CO2 Ventures has entered into a long-term agreement with Siouxland Ethanol to provide CO2 capture, transportation and storage services on its carbon capture and storage (CCS) system, the Heartland Greenway.
The agreement between companies outlines the key terms for Navigator to design and install Siouxland's carbon capture equipment.
Once installed, Navigator will capture, transport, and store up to 235,000 metric tons of Siouxland's CO2 per year, equivalent to the carbon emissions of approximately 51,000 vehicles driven annually. Start of operations is expected at the beginning of 2025.
"The provided services will create a day-one economic benefit to the facility and surrounding community, while abating almost 100% of Siouxland's greenhouse gas emissions," says Navigator CEO Matt Vining.
"The agreements in place with Siouxland and other industrial emitters of CO2 are a testament to the broad commitment by industry to decarbonize, and we couldn't be prouder to play a role in that evolution."
Navigator continues to work with many industrial processing plants in the Midwest to adopt a more sustainable approach in the execution of their businesses and aid in the reduction of their carbon footprints through Heartland Greenway and its related carbon handling offerings.
Once fully expanded, the Heartland Greenway will be able to capture and sequester 15 million metric tons of CO2 annually, which, according to EPA estimates, is equivalent to eliminating the annual carbon footprint of the Des Moines metro area three times over.
"Siouxland Ethanol has been a leader in producing low carbon ethanol since its inception," said Nick Bowdish, president and CEO of Siouxland Ethanol.
"Whether it be actively capturing methane from the neighboring landfill and using it to create process steam for the plant or installing the very first dryer exhaust energy recovery system, our company is a living example of how to provide real solutions to our transportation needs that both lower the carbon footprint and are readily available at scale today."
