POET reaches agreement with Summit Carbon Solutions

The company that runs the ethanol plant near Ashton is entering into an agreement with Summit Carbon Solutions.

POET Biorefining officials say the company is going to partner with Summit Carbon Solutions’ carbon capture and storage project. The joint venture was announced Monday morning. The agreement will incorporate POET’s 12 facilities in Iowa and five facilities in South Dakota into the Summit project.

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 adds 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.