Summit Carbon Solutions

Carbon Capture and Transport in the Midwest

AMES, United States · Founded 2021 · $1.0B raised

Headquarters
AMES, Iowa
Employees
51–200
Founded
2021
Business Model
B2B
Total Funding
$1.0B
Last Round
$1.0B Growth EquityMar 2025
Rounds
1

About

Summit Carbon Solutions is developing the world's largest carbon capture and storage (CCS) project, building a multi-state underground pipeline system that captures CO2 emissions from ethanol plants across North Dakota, Nebraska, Iowa, Minnesota, and South Dakota and permanently sequesters them approximately one mile below ground in deep geologic formations. The project is designed to capture and store more than 12 million metric tons of CO2 annually — equivalent to removing 2.6 million cars from the road per year — while reducing the carbon footprint of partner biorefineries by up to 50%. Created by Summit Agricultural Group in 2021, the company works with more than 30 ethanol plants and represents a major investment in the long-term competitiveness of Midwest biofuels and rural agricultural communities.

Summary

Summit Carbon Solutions is a Climate Tech company based in AMES, United States, founded in 2021. It has raised $1.0B in total across 1 round, most recently a $1.0B Growth Equity round in Mar 2025. Investors include TPG (Growth/Rise), Tiger Infrastructure Partners and SK Innovation E&S.

Tech & App Stack

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Funding History

Growth EquityGrowth EquityMar 2025
$1.0B

Investors

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