Iowa-based Summit Carbon Solutions, an offshoot of Summit Agriculture Group, is behind the $4.5 billion Midwest Carbon Express project, with the goal of sending 12 millions tons of CO2 annually to western North Dakota, where it can be stored underground. It would be the largest carbon capture project in the world.
The newly formed Clean Sustainable Energy Authority recommended $28 million in grants and $135 million in loans on Tuesday for a slate of applicants that ranged from a massive natural gas plant to a proposed hub for hydrogen fuel production to carbon capture ventures at coal and ethanol facilities.