A planned $5.5 billion, 688-mile CO2 transport pipeline moved one step closer to construction on June 25 following the Iowa Utilities Board’s approval for the segment that would pass through the state. (Source: Shutterstock)
A planned $5.5 billion, 688-mile CO2 transport pipeline moved one step closer to construction on June 25 following the Iowa Utilities Board’s approval for the segment that would pass through the state.
Summit Carbon Solutions plans to use the line to transport CO2 from ethanol plants in the upper Midwest to North Dakota for underground storage. The pipeline would cross into Iowa, Minnesota, Nebraska, South Dakota and North Dakota. Iowa is the first state to give Summit permission to build.
The project has raised eminent domain issues for many residents along the proposed route. The Associated Press reported on June 24 that the issue has North Dakota Gov. Doug Burgum facing intense criticism.
“The momentum will continue as we prepare to file our South Dakota permit application in early July,” Summit CEO Lee Blank said in a press release. “We look forward to engaging with the state throughout this process and are confident in a successful outcome.”
Summit is partnering with 57 ethanol plants for the project and has signed easement agreements with 75% of the landowners along the proposed route, according to the release.
Recommended Reading
Marketed: Slash Exploration Delaware Basin Opportunity
2024-12-17 - Slash Exploration Ltd. has retained EnergyNet for the sale of working interest participation in the Capitan 22301 27-22 State Com #20H wellbore in Lea County, New Mexico.
Brigham Exploration Grows Permian Footprint in Non-Op Assets Deal
2024-12-17 - Brigham Exploration is significantly adding to its Permian Basin non-operated portfolio with an acquisition of 7,000 acres from Great Western Drilling.
Jones Power Secures Contracts for Arizona Solar, BESS Projects
2024-12-17 - The developments, located outside of Phoenix and Tucson, have a potential capacity of 290 megawatts for the solar project and over 1 gigawatt for the BESS system, Jones Power said.
QatarEnergy Joins Joint Venture Offshore Namibia
2024-12-17 - QatarEnergy acquired a 27.5% stake in petroleum exploration license 90 offshore Namibia.
Exxon Mobil Targets $2B More Earnings from Low Carbon Solutions
2024-12-17 - Exxon Mobil executives say the pace of growth for areas such as CCS, hydrogen and lithium vary due to uncertainty.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.