United States – POET, the world’s largest producer of biofuel, has signed a Letter of Intent with Navigator CO2 Ventures to provide carbon capture, utilization, and storage (CCUS) services on Navigator’s Heartland Greenway system.
The agreement outlines Navigator’s integrated CCUS services for approximately five million metric tons of biogenic CO2 produced by POET each year, as well as a collaborative path toward the development of a central carbon offset marketplace and carbon use logistics platform. The system will gradually integrate 18 of POET’s bioprocessing facilities and is expected to be operational in 2025.
With the addition of POET to the platform, Navigator’s Heartland Greenway system will now provide CCUS services to over 30 industrial processors across the agriculture and food production value chains, accounting for over ten million tons of annual CO2 emissions, including the two largest bioethanol producers in the US, as well as highly efficient single-site production facilities. Through new pipeline laterals and parallel development of multiple storage sites, Navigator’s unique platform will now mobilize efforts to deliver up to 15 million tons of CCUS services annually.