Summit Agricultural Group

"A tremendous market for corn growers has been ethanol and biofuels. But cars have become more fuel-efficient and more electric vehicles keep hitting the road. Those developments have had a negative effect on corn demand. Exports are slipping, and corn yields keep rising. We need to open new markets for our corn." In O'Brien County Farmer Kelly Nieuwenhuis opinion piece, he recognizes the market opportunities for Iowa corn growers. Read the full article below: https://lnkd.in/gTE4uFF5

"The stakes are high for agriculture and ethanol. The state’s CO2 policies allow ethanol to be decarbonized to access greater low-carbon fuels markets, paying a premium to the ethanol plants and the corn growers that supply corn to the plants. North Dakota ethanol plants produce around 550 million gallons of ethanol annually, consuming 60% of ND’s corn production. In many markets there is a willingness to pay more for low carbon fuel."   In their opinion piece, Sen. David Hogue and Rep. Mike Lefor recognize the market opportunities that low carbon fuel will open for producers in North Dakota and across the agriculture industry. Read the full article below Agriculture and energy: The big picture for CO2 | Opinion | willistonherald.com

Today, the Iowa Utilities Board (IUB) announced the approval of Summit Carbon Solutions base pipeline project (HLP-2021-0001). This approval represents a significant milestone not for just Summit Carbon Solutions, but for the entire agriculture industry as it seeks access to new and emerging markets, like sustainable aviation fuel, by lowering ethanol’s carbon intensity score (CI). Read full release from Summit Carbon Solutions here: https://lnkd.in/gSQ-et85

ICYMI: Yesterday attendees at the Midwest Ag Summit heard from Bruce Rastetter in Fargo, North Dakota. Bruce's message to attendees emphasized the importance of sustainability in agriculture in attaining new markets and how far the industry has come with investments in technology, specifically ethanol production.

Tune in tomorrow, June 11, to watch Bruce Rastetter deliver a keynote at the Midwest Ag Summit. Watch the address at the following link: https://lnkd.in/g_tyAS3Q at 10:30am CT.

Summit Founder and Executive Chairman, Bruce Rastetter, was honored this week with the title of Honorary Citizen of Mato Grosso by the Governor and Parliament of Mato Grosso. Nominated by Wilson Santos, shown here presenting the award, the recognition reflects Bruce’s vision through the development of FS that adds value to hundreds of millions of bushels of corn grown in the state each year.

Earlier this week, Bruce Rastetter shared the stage with Continental Resources Executive Chairman, Harold Hamm, highlighting carbon management as a tool for innovation and creating opportunity for agriculture & low-carbon fuels. 

The summer is off to a start! Yesterday we welcomed our 12 interns for the Summer of 2024. They completed orientation and were welcomed with an Intern BBQ. We are excited to see all they will contribute to Summit. They join us from various colleges and universities including Iowa State University, University of Iowa, University of Northern Iowa, Fort Hays State, Kansas State, Northwest Missouri State, and the University of Missouri.

PRESS RELEASE - Anew Climate, Summit Carbon Solutions Advance Megaton CO2 Removal Project   “As we deliver the world’s largest carbon dioxide removal project, we’re not only removing carbon, but also paving the way for bioethanol producers to access new markets, such as Sustainable Aviation Fuel, and securing a sustainable future for agriculture and energy,” said Lee Blank, Chief Executive Officer of Summit Carbon Solutions. https://lnkd.in/gVqMxnU6

"Carbon capture presents a tremendous opportunity to benefit farmers, biofuel producers, and rural communities in participating states. It has the potential to unlock even more opportunities for ag and bioprocessing while strengthening our ability to make a positive global impact." —Jeff Broin, POET Founder & CEO This is no time to stand still while the bioeconomy moves forward without us. Read more about the future of carbon capture and sequestration (CCS) in the latest issue of Vital: https://bit.ly/3UpgVx9