Gevo’s $1B aviation fuel investment tied to Summit CO2 pipeline
Gevo’s $1B aviation fuel investment tied to Summit CO2 pipeline
Critics question why project's reliance on sequestration line didn't come up before PUC rejection
Without the Summit Carbon Solutions’ pipeline, what’s believed to be the largest capital investment in South Dakota’s history might not happen.
That was part of the message from Kent Hartwig, director of state government affairs with Gevo, at Tuesday’s Brown County Commission meeting at the courthouse annex.
Gevo is planning a plant near Lake Preston that would include an ethanol plant and a hydrocarbon plant that converts the ethanol into aviation jet fuel. The plant would be powered by an adjoining wind farm.
The ethanol-hydrocarbon plant is estimated to cost $850 million and the wind farm $150 million, for an overall investment of $1 billion. The wind farm would power the plant.
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