COMPANY PROFILE

Summit Carbon Solutions

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A transformative decarbonization platform partnering with industrial facilities throughout the Midwest

Ames, United StatesFounded 2021Energy

Valuation $1–2.5B Last recorded · 2022

Headcount <100 Current team size

Total funding $500M–1B Disclosed equity funding

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About Summit Carbon Solutions

Summit Carbon Solutions is a U.S.-based company deeply rooted in the agricultural sector, primarily operating across the Midwest. The company focuses on reducing carbon emissions and enhancing the ethanol and agricultural industries, which are vital to the region's economy. Summit Carbon Solutions achieves this by developing and managing carbon capture and storage (CCS) projects. These projects involve capturing carbon dioxide (CO2) emissions from ethanol plants and other industrial sources, then transporting and storing the CO2 safely underground to prevent it from entering the atmosphere.

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The company's primary clients include ethanol producers, agricultural businesses, and landowners. By partnering with 57 ethanol plants and working with over 2,704 landowners, Summit Carbon Solutions has established a significant presence in the Midwest. The company also engages with local communities through public meetings and events, emphasizing its commitment to regional development and environmental sustainability.

Summit Carbon Solutions operates in the carbon capture and storage market, a growing sector driven by increasing regulatory pressures and corporate sustainability goals. The business model revolves around providing CCS services to industrial clients, who pay for the capture, transportation, and storage of their CO2 emissions. This not only helps clients meet regulatory requirements but also enhances their environmental credentials.

Revenue is generated through service fees charged to clients for the CCS process. Additionally, the company may benefit from government incentives and carbon credits, which are financial rewards for reducing greenhouse gas emissions.

In summary, Summit Carbon Solutions is a key player in the Midwest's carbon capture and storage market, serving ethanol producers and agricultural businesses. The company makes money by offering CCS services, thereby helping clients reduce their carbon footprint and comply with environmental regulations.

Source: Dealroom company data