BOONE, Iowa—Summit Carbon Solutions today has released an announcement that the company has secured 79% of the easement agreements for the proposed pipeline in Boone County and 53% of the easements for the proposed route in Iowa. The company’s press release follows:

AMES, Iowa—Demonstrating its ongoing commitment to partner with landowners across the Midwest, Summit Carbon Solutions has secured easement agreements accounting for more than 79% of its proposed pipeline route in Boone County, Iowa.

“Summit Carbon Solutions was formed to open new economic opportunities for ethanol producers and to strengthen the ag economy that is so critical to families and communities across the Midwest,” Summit Carbon Solutions CEO Lee Blank said. “Securing thousands of easement agreements project-wide, including 79% of the proposed route in Boone County, demonstrates the significant momentum behind our project and the growing recognition that carbon capture, transportation and storage projects will create jobs, improve environmental outcomes, and generate new sources of revenue for local communities.”

Summit Carbon Solutions is partnering with dozens of ethanol plants across the Midwest to develop the largest carbon capture and storage project in the world. Through a multi-billion-dollar private investment, these partners will be able to sell their product in the growing number of markets that incentivize low carbon fuels. California, the largest ethanol consuming state, and Canada, the largest U.S. ethanol importer, have both adopted policies that incentivize the use of low carbon fuels. Access to these markets is critical to the long-term viability of the ethanol industry that today purchases approximately 57% of all corn grown in Iowa and that remains a key driver of commodity prices and land values.

In addition to driving growth in the ethanol and agricultural industries, Summit Carbon Solutions will support local economies across the Midwest. In Boone County, the company will invest $1.16 million during construction, which are dollars that will flow back to hotels, restaurants, hardware stores and other local businesses to generate economic growth. After construction, according to a study by global accounting leader Ernst & Young, Summit Carbon Solutions will pay an average of $45,000 in new property taxes annually in Boone County, helping the community support critical local priorities such as schools, road construction, public safety, and more.

“Summit Carbon Solutions is incredibly encouraged by the number of landowners who have signed easement agreements to help advance our carbon capture, transportation, and storage project,” Blank said. “We look forward to continuing to meet directly with landowners across the Midwest to discuss this critical investment, answer their questions, and work together to advance the ethanol and agricultural industries that are so critical to our state and region.”

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

The proposed pipeline will actually affect a small portion of northwest Boone County as west of Boxholm as shown on the attached map available from a February release from the Iowa Utilities Board.

(contains contributes information, press release from Summit Carbon Solutions)