Minnkota Power Cooperative and Summit Carbon Solutions have joined forces to co-develop carbon dioxide (CO2) storage facilities in North Dakota, near the city of Centre.
Unveiled on Thursday (28th April), the collaboration provides Summit with access to Minnkota’s already permitted 100-million-tonne capacity CO2 storage site located in Centre.
Further to this, it also lays the foundation to jointly develop additional CO2 storage resources nearby, which are estimated to have aggregate CO2 storage exceeding 200 million tonnes.
Mac McLennan, President and CEO of Minnkota Power, said, “We are joining two of North Dakota’s most prominent industries – agriculture and energy – to substantially lower CO2 emissions, while helping preserve American energy security.”
“If our nation is to stay competitive during the energy transition, it will require multiple states and industries working together. Our hope is that this effort can serve as a blueprint for the collaborative thinking that is needed to drive energy innovation forward.”
In addition to Minnkota’s CO2 storage facilities, Summit is also independently developing storage facilities in North Dakota with estimated CO2 storage resources to permanently store approximately one billion tones of CO2, less than 1% of the estimated storge capacity in North Dakota.
Wade Boeshans, Executive Vice-President of Summit Carbon Solutions, said, “Summit Carbon Solutions is thrilled to team with Minnkota to accelerate our project and the decarbonisation of biofuels and agriculture, which will greatly enhance the economic sustainability of those industries for decades to come.”
“Working together, Summit Carbon Solutions and Minnkota will permanently and safely sequester tens of millions of tonnes of CO2 every year, which will improve environmental outcomes while supporting industries critical to our region’s future.”