(Undated)– One of the companies proposing to build a carbon pipeline through Iowa has announced it has raised more than one billion dollars for its project. Information from Summit Carbon Solutions says the company has secured 300 million dollars from a private equity firm called T-P-G Rise Climate and that completes the fundraising for its pipeline.
In a written statement, the executive chairman of the investment group said the global fight against climate change requires an all-of-the-above approach to decarbonization.
Summit plans to build a pipeline to ship carbon captured at Midwest ethanol plants to underground storage in North Dakota.
