USA—Navigator CO2 Ventures LLC has signed a deal to provide carbon capture, utilization and storage (CCUS) services to POET, the world’s largest producer of biofuel and global leader in sustainable bioproducts.
The services will be provided on Navigator’s Heartland Greenway system, a carbon capture pipeline system that will span 1,300 miles across five Midwest states with nearly 20 receipt points.
The system, which is scheduled for operational in-service in 2025, is expected to transport and sequester up to 15 million metric tons per year.
The Heartland Greenway system will see Navigator ship and store approximately 5 million metric tons (mmt) of carbon dioxide annually from 18 POET ethanol plants across Iowa, Nebraska and South Dakota.
The project will also pave the way for the development of a central carbon offset marketplace and distribution network, creating a removal-based credit space in the voluntary carbon market, which will be able to offset carbon emissions in addition to regulated carbon emission programs.
“It is a great privilege and responsibility to help pave the way for large-scale infrastructure projects designed to reduce greenhouse gas emissions in a material way,” said Navigator CEO Matt Vining.
Jeff Broin, POET Founder and CEO said, “This project is another significant step in utilizing bioprocessing to accelerate our path to net-zero.” Adding that POET believes, by positioning agricultural commodities as a viable source of low-carbon liquid fuels, Navigator has the expertise to deliver sustained value to rural America.
Between the unique breadth and scale of Navigator’s infrastructure development, construction, and operations and POET’s market-leading position in CO2 distribution, marketing, and logistics management, the two companies are poised to create the most significant combined distribution network for high-quality, biogenic CO2.
“This agreement is a testament to two industries coming together and using their resources to pave innovative pathways toward carbon neutrality and a more sustainable future. The breadth, scale, and technical acumen of each party’s platform is unmatched,” said Vining.
With the addition of POET, Navigator’s Heartland Greenway system will provide CCUS services for more than 30 industrial processors across the agriculture and food production value chains, representing over 10 million tons of annual CO2 emissions.
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