US Ethanol Plants Partner for Record-Breaking Carbon Credits Deal
A significant partnership has been formed to create and market carbon-removal credits from CO₂ produced by ethanol plants across the US' Mountain West and Texas. Frontier Infrastructure Holdings (Frontier) and Carbonfuture have announced a new deal, with Frontier handling physical CO₂ while Carbonfuture will sell the resulting credits.
This agreement represents the largest ethanol-based bioenergy carbon capture and sequestration (BECCS) carbon dioxide removal (CDR) deal ever signed. Under the deal, 750,000 carbon credits will be made available from 'Project Spirit', which is Frontier's ethanol BECCS initiative.
These credits will be sold to corporate and institutional buyers via Carbonfuture once active. The process involves absorbing CO₂ from corn, harvesting it, fermenting it to make ethanol, and then capturing the released CO₂ at source.