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October 10, 2023

BY Luke Geiver

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Anew Climate, Summit Carbon Solutions advance megaton CO2 removal project

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By Summit Carbon Solutions

6 hours ago

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Anew Climate LLC has announced a marketing agreement with Summit Carbon Solutions. Under the terms of the agreement, Anew will market carbon dioxide removal credits generated from Summit biomass with carbon removal and storage (BiCRS) project.

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The U.S. EPA, USDA and U.S. Food and Drug Administration on May 8 released a plan developed by the agencies to update, streamline and clarify their regulations and oversight mechanisms for products of biotechnology.

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Carbon dioxide has many merchant market applications, ranging from the medical industry to agriculture to food and beverage.

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Tallgrass, the developer of a CO2 pipeline project that will sequester CO2 sourced from ethanol plants and other facilities, has entered a Community Benefits Agreement with Bold Alliance. The CBA is endorsed by several ag and biofuel groups.

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Technip Energies and LanzaTech Global Inc. were selected by the U.S. Department of Energy Office of Clean Energy Demonstrations to begin award negotiations for up to $200 million funding to support project SECURE.

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