Summit Carbon Solutions Files Lawsuits Over Pipeline Rules in Iowa
Summit Carbon Solutions has filed lawsuits against Story and Shelby counties in the effort to get an interstate carbon capture pipeline approved in Iowa.
The lawsuit challenges new rules that would require pipeline projects to allow for more space between the pipe and homes, churches and schools. Summit Carbon Solutions has petitioned the court to throw out the regulations.
A decision would also impact similar projects being developed by Navigator CO2 Ventures and Wolf Carbon Solutions.
Summit Carbon Solutions filed the lawsuit shortly after announcing a major milestone for its carbon capture project, securing easement agreements for more than 50 percent of the proposed pipeline route in South Dakota. Partnering with 400 landowners across South Dakota to sign 650 easement agreements, the company continues to make significant progress in advancing its carbon capture, transportation and storage project and the $4.5 billion investment remains on track to begin construction next year and move into operations in 2024.
Previously, the company had announced it had signed approximately 3,400 easement agreements totaling 1,030 miles across Iowa, Minnesota, Nebraska, South Dakota and North Dakota, the company has now secured agreements for more than half of the proposed pipeline route project-wide.
“As a company rooted in agriculture, Summit Carbon Solutions is committed to partnering with farmers to drive long-term economic growth in our rural communities and we are incredibly encouraged by the number of landowners across the Midwest who have signed easement agreements to help achieve that goal,” CEO Lee Blank said. “We look forward to continuing to meet directly with landowners in the five states where our project is proposed to be located to discuss this critical investment, answer their questions, and work together to advance the ethanol and agricultural industries that remain so vital to our state and region.”
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 pay more for low carbon fuels.
In addition to driving growth in the ethanol and agricultural industries, Summit Carbon Solutions will support local economies across the Midwest by investing an average of $45 million in each of the 82 counties where the project is located during construction. After construction, according to a study by global accounting leader Ernst & Young, Summit Carbon Solutions will pay an average of $930,000 in new property taxes annually to every county where the project is located.
More information about Summit Carbon Solutions and the project is available at summitcarbonsolutions.com.
Tags: Carbon Capture Pipeline, Iowa, Lawsuit, Summit Carbon Solutions
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