Iowa public utility regulators approved a controversial carbon dioxide pipeline by Summit Carbon Solutions, aimed at transporting and storing CO2 emissions underground. Despite this approval, the $5.5 billion, 2,500-mile pipeline project still needs approval from other states before construction can begin.
The pipeline would carry liquefied CO2 emissions from over 50 ethanol plants in Iowa, Minnesota, Nebraska, North Dakota, and South Dakota, storing them deep underground in central North Dakota. Proponents, including farmers and the ethanol industry, see the pipeline as essential for federal tax breaks and developing a market for cleaner aviation fuel. Iowa Renewable Fuels Association Executive Director Monte Shaw emphasized the potential economic benefits for Iowa.
However, many landowners and opponents fear land seizures and potential CO2 leaks. They vow to fight the decision. Attorney Brian Jorde noted the long approval process ahead for Summit, including necessary permits from South Dakota and North Dakota.
Summit CEO Lee Blank welcomed the decision, but the company must still secure insurance and meet numerous regulatory requirements. The Iowa Utilities Board granted eminent domain rights over some land parcels, pending permit issuance. Meanwhile, other CO2 pipeline projects in the Midwest have been canceled or delayed.
Supporters view carbon capture as crucial for combating climate change and capitalizing on new federal tax incentives. However, opponents question its large-scale effectiveness and the investment required compared to renewable energy sources.
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