Vault 44.01 and Alto Ingredients have entered a CO2 transportation and storage agreement
A new agreement has been created between Vault 44.01 and Alto Ingredients and this agreement outlines a plan to provide transportation, injection and finally, sequestration into the Mt. Simon sandstone formation in Illinois. Each part of this project will be dedicated to CO2 that is produced at Alto Ingredients’ Pekin campus.
The Pekin campus is capable of producing an estimated 250 million gallons of specialty alcohols and renewable fuels on an annual basis. Plus, on top of this, the campus also creates more than 600,000 metric tons of CO2 annually as a by-product of the corn fermentation process. The purpose behind this project is to significantly reduce CO2 emissions, whilst also providing direct value to the surrounding communities, as well as simultaneously contributing employment and economic opportunities.
President and Chief Executive Officer of Alto Ingredients, Inc, Bryon McGregor, commented, “Continually striving to increase opportunities, improve profitability and lower carbon emissions, we partnered with Vault for the safe transportation and storage of CO2 from our Pekin campus. While we await EPA submission and approval, address financing and source equipment, the TSA marks a significant milestone on our path toward a more prosperous future. This project represents our commitment to building a sustainable future for our environment, our farmers and our entire community.”
President and Chief Executive Officer of Vault 44.01, Scott Rennie, added, “We are excited to continue our efforts with Alto on this project to significantly reduce carbon dioxide emissions while benefiting Illinois farmers and the broader community. In developing this project, our top priorities are safety, transparency, and the long-term security of the carbon dioxide we manage. Alongside the Alto team, we look forward to working collaboratively with landowners, community members and regulators as we bring this project to fruition.”