Carbon Deal Targets US Pipeline Seeking to Tackle Corn-Based Ethanol Emissions
The transactions will equal a quarter of all certified carbon removals to date
A corn field in Nevada, Iowa
Photographer: Barrett Emke/BloombergThis article is for subscribers only.
A project to build a giant pipeline to remove carbon produced by the corn-based ethanol industry struck its first agreement to sell carbon-removal credits, part of a broader push to improve the green credentials of the fuel.
Summit Carbon Solutions, which is building the $5.5 billion pipeline through the heart of America’s Corn Belt, said it will sell credits valued at up to $30 million to NextGen CDR Facility, a joint venture of Japanese conglomerate Mitsubishi Corp. and climate consultancy South Pole.