www.agtechdaily.com
No Result
View All Result
  • Login
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
Contact
ABOUT US
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
No Result
View All Result
www.agtechdaily.com
No Result
View All Result
Home Announcements

Tiger Infrastructure Partners invests in Summit Carbon Solutions

Admin by Admin
April 7, 2022
Reading Time:2min read
0
Buy JNews
ADVERTISEMENT


RELATED POSTS

Meet the Republican at the center of the House GOP’s investigations into Biden

Growing Indian agri sector needs ‘re-orientation’ to meet climate change challenges: Eco Survey

Agritech funding: Economic Survey 2023: agritech startups raised Rs 6,600 crore funding over last four years



On April 5, Summit Carbon Solutions, developer of the world’s largest carbon capture and storage project, is pleased to announce an additional investment from Tiger Infrastructure Partners, an original founding investor of Summit Carbon Solutions and a member of its board of directors, bringing Tiger’s total commitment to the company to $100 million.

Including the commitment from Tiger Infrastructure Partners and the recently announced $250 million commitment from Continental Resources, Inc., Summit has secured over $600 million of equity for its project.

Summit Carbon Solutions was founded in 2020 with the goal of decarbonizing the biofuel and agriculture industries via carbon capture and sequestration.  To date, Summit has secured commitments from 20 partner bioethanol companies, representing 31 bioethanol facilities, from which Summit will capture and permanently sequester nearly 9 million tons of carbon dioxide annually.  Summit’s pipeline infrastructure and sequestration sites in North Dakota will have the capacity to permanently sequester up to 20 million tons of carbon dioxide annually.

“Tiger has been an investor in Summit Carbon Solutions from the very beginning, and we are thrilled with their further commitment to this transformational project,” said Bruce Rastetter, CEO of Summit Agricultural Group.  “We are fortunate to have known the Tiger team for decades, and through our partnership with them in FS, our Brazilian bioethanol production company, Tiger has demonstrated the ability to bring tremendous value as an investor and as an advisor.”

“We discussed the concept of Summit Carbon Solutions with Tiger before we had a single ethanol plant committed to the platform, and as a founding investor, Tiger’s insights and broad knowledge across the infrastructure space have helped advance the project in countless ways.  They understand this opportunity as well as anyone, and the additional commitment is a great vote of confidence in Summit Carbon Solutions,” said Justin Kirchhoff, president of Summit Ag Investors.

“Summit has shown the ability, time and again, to be at the forefront in identifying trends and opportunities at the intersection of agriculture and renewable energy, and Summit Carbon Solutions is emblematic of that,” said Emil Henry, CEO of Tiger Infrastructure Partners.  “Developing the world’s largest carbon capture and sequestration project is an ambitious endeavor, but that type of ambition is necessary to address climate change in a meaningful way, and we look forward to working with Summit to make the project a success for all its stakeholders.”

“As an infrastructure investor committed to investing in businesses based on both returns to our investors and on environmental, social, and governance (ESG) principles, Tiger believes Summit Carbon Solutions is exceptionally well positioned to deliver.  It has been a great pleasure from the beginning to see this project take shape, and we are confident in Summit’s ability to execute with the world class management team it has assembled.  Summit Carbon Solutions will make a substantial and tangible impact our nation’s carbon footprint and Tiger is excited to play a key role in its success,” said Marc Blair, managing director of Tiger Infrastructure Partners.

 



Source link

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...
Tags: EnergyEthanolethanol producer magazinepowerrenewableTiger Infrastructure Partners invests in Summit Carbon Solutions | EthanolProducer.com
Admin

Admin

Related Posts

Announcements

Meet the Republican at the center of the House GOP’s investigations into Biden

February 1, 2023
Announcements

Growing Indian agri sector needs ‘re-orientation’ to meet climate change challenges: Eco Survey

February 1, 2023
Announcements

Agritech funding: Economic Survey 2023: agritech startups raised Rs 6,600 crore funding over last four years

February 1, 2023
Announcements

6.8 pc inflation not too high to deter private consumption, or weaken inducement to invest: Survey

January 31, 2023
Announcements

Winde slams govt’s lack of urgency in solving energy, agricultural crises

January 31, 2023
Announcements

What happens to your mutual fund investment if you miss SIP?

January 31, 2023
Next Post

Blockchain and financial markets: will computers push out brokers?

Recall of Kinder chocolate eggs expanded; children sick in multi-country outbreak

Latest News

Ecozen Raises 1st Tranche of Series C Funding led by Dare Ventures

June 18, 2022

Taiwan’s Gogoro, India’s Belrise to invest $2.5bn in Maha for battery swapping infra

January 18, 2023

Corrigin Farm Improvement Group and Facey Group host forums after Wheatbelt fires | Farm Weekly

April 11, 2022

Most Popular

  • Agricultural E-Commerce Boosts Incomes For Cherry farmers in Shandong

    0 shares
    Share 0 Tweet 0
  • Seeds of Discord: Farmers Accused of Fraud in Dicamba Dispute | Arkansas Business News

    0 shares
    Share 0 Tweet 0
  • Farm Credit Administration tours the Midwest – Agweek

    0 shares
    Share 0 Tweet 0
  • 12 Biggest Agriculture Companies in the World

    0 shares
    Share 0 Tweet 0
  • How Technology Is Changing Agriculture

    0 shares
    Share 0 Tweet 0
Facebook Twitter Pinterest LinkedIn
www.agtechdaily.com

AgTech Daily provides in-depth journalism and insight into the most impactful news and trends shaping the agricultural and food technology industry

Categories

  • Agriculture
  • Announcements
  • Food
  • Others
  • Sustainability
  • Technology

Quick Links

  • Home
  • About us

© 2022 - All Right Reserved. www.agtechdaily.com.

No Result
View All Result
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability

© 2022 - All Right Reserved. www.agtechdaily.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: