POET, the world’s largest ethanol producer, has signed a letter of intent to capture and ship carbon from 18 of its ethanol plants in Iowa, Nebraska and South Dakota to be stored in Illinois. Navigator CO2 Ventures intends to ship and store approximately 5-million metric tons of carbon dioxide annually via their pipeline which will be operational by 2025.
This reflects somewhat of a shift for POET... which had been noncommittal about signing with a pipeline project because they developed a market to provide C-O-2 to companies including food processors.
