Anew Climate to market CDRs from Summit Carbon’s CO2 pipeline project

In Texas, Anew Climate announced a marketing agreement with Summit Carbon Solutions. Under the terms of the agreement, Anew will market carbon dioxide removal credits (CDRs) generated from Summit Carbon’s novel Biomass with Carbon Removal and Storage (BiCRS) project, which is expected to capture and sequester more than 160 million tonnes of biogenic carbon dioxide emissions from 50+ biorefineries across the Midwestern United States over the next decade.

Summit Carbon’s $8 billion infrastructure project is anticipated to capture more than 16 million metric tons of waste biogenic CO2 emissions annually, which would otherwise be re-released into the atmosphere during the bioethanol production process. Captured emissions will be safely and permanently sequestered thousands of feet underground in North Dakota. This will be the first tech-based CDR project to surpass the 1 million metric ton scale, and forward sales are critical to realizing the climate impact potential.