IOWA(Des Moines Register)- Summit Carbon Solutions says it’s pushing back its timeline to begin operating a $5.5 billion carbon capture pipeline across Iowa and four other states, citing regulatory hurdles and environmental and landowner opposition.
Summit said Thursday it doesn’t expect the 2,000-mile pipeline will become operational until 2026, two years later than it initially projected. Bloomberg first reported the delay Wednesday, quoting Bruce Rastetter, CEO of Summit Agricultural Group, the company that spun off the Ames-based pipeline business.
Summit spokeswoman Sabrina Zenor said Thursday the company remains committed to the project and will continue to “work with regulatory bodies to find a path through our five states.” Summit has “voluntary agreements along nearly 75% of our proposed route,” Zenor said in an email.
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