Cardinal Ethanol and Vault 44.01 announced on Jan. 30 that they have partnered to design, implement, and operate a carbon dioxide capture and sequestration (CCS) project at Cardinal’s ethanol production site in Indiana. As part of the joint venture, each party will control an equal interest in the newly established limited partnership One Carbon Partnership.
The ethanol production facility produces about 135 million gallons of ethanol annually, which creates approximately 400,000 metric tons of carbon as a by-product of the corn fermentation process.
One Carbon Partnership plans to build a site to capture the carbon dioxide generated from the ethanol production process for safe and permanent geological storage, thus reducing the carbon emissions from the ethanol production process.
The joint venture has submitted a Class VI permit application to EPA Region 5 and already has received a completeness determination from the EPA. Cardinal and Vault are discussing the potential project with local landowners and communities.
“We are committed to enhancing shareholder value through employing the latest technology in the production of clean, low carbon intensity, and environmentally friendly bioethanol,” said Jeff Painter, Chief Executive Officer at Cardinal ethanol. “Partnering with Vault 44.01 on this CCS project is another step in Cardinal Ethanol’s commitment to further lower our carbon impact and protect our environment. This partnership aligns with Cardinal Ethanol’s goals and keeps us on a path to zero-emission liquid fuels.”
This joint project with Cardinal exemplifies Vault’s view that the lowest cost option for carbon capture and storage is often to find a local solution when possible, said Scott Rennie, Chief Executive Officer at Vault 44.01.