Tiger Infrastructure Partners has made an additional investment in Summit Carbon Solutions, the developer of the world’s largest carbon capture and storage (CCS) project, bringing Tiger's total commitment to the company to $100 million.
Summit Carbon Solutions seeks to lower greenhouse gas emissions by connecting industrial facilities via strategic infrastructure to store carbon dioxide safely and permanently in the midwestern United States. The company was established in 2020 to help decarbonize the biofuel and agriculture industries via carbon capture and sequestration.
Summit has secured commitments from 20 partner bioethanol companies to date, representing 31 bioethanol facilities from which Summit will capture and permanently sequester nearly 9 million tons of carbon dioxide each year. Tiger is an original founding investor of Summit and a member of its board of directors.
Including the commitment from Tiger and a recent $250 million commitment from Conti
