17 October 2024 – Redshaw Advisors, a leading environmental markets risk management company, is pleased to announce its marketing agreement with Summit Carbon Solutions, the world's most prominent global biogenic carbon capture and storage project developer.
This collaboration will support the development of one of the world's largest carbon dioxide removal (CDR) initiatives.
“We are delighted to partner with Summit Carbon Solutions to bring this groundbreaking, large-scale removal opportunity to our European clients,” said Bill Goldie, Environmental Markets Director at Redshaw Advisors. “Carbon removals are at the start of a very significant growth phase and will become ever more important as the pressure to reach net zero emissions intensifies,” he said.
Summit Carbon Solutions' Biomass with Carbon Removal and Storage (BiCRS) project aims to capture biogenic carbon dioxide before it is released into the atmosphere from bioethanol plants across the Midwest United States and transport it to North Dakota for permanent and secure underground storage.
Ben Nelson, VP of Carbon said “Our collaboration with Redshaw Advisors marks an important step forward in delivering scalable, near-term carbon removal solutions that address the urgent need for climate action. By leveraging biogenic CO2, we are not only providing a path for companies to have access to megaton scale removals but we’re also unlocking new opportunities for sustainable aviation fuel. This initiative reinforces our commitment to a future where large-scale carbon removal is accessible and effective for businesses looking to lead in a low-carbon economy.”
Redshaw Advisors will play a key role in marketing the carbon dioxide removal (CDR) credits generated by this ground-breaking project and will make them available to environmentally conscious businesses in Europe seeking to procure high-quality carbon removals as part of their net zero strategy.
Summit’s BiCRS Project focuses on capturing and permanently storing biogenic CO2 released during the processing of corn into bioethanol and associated co-products. This project will adhere to the Gold Standard for the Global Goals' new, robust methodology to ensure the integrity and long-term permanence of its climate impact. With over USD 1 billion already raised and deployed, Summit anticipates the first issuance of CDRs for vintage year 2026.
Learn more about the partnership here.
Press Contacts
For Redshaw Advisors
Silvia Antonioli, silvia@momomedia.co.uk
For Summit Carbon Solutions
Sabrina Zenor, SZenor@summitcarbon.com
About Redshaw Advisors Redshaw Advisors is a leading consultancy, risk management and procurement partner for companies exposed to environmental markets. Its unparalleled expertise in global environmental markets stems from over two decades of operating at the core of the industry. As pioneers at the forefront of compliance and voluntary carbon markets since their inception and experienced operators in renewable energy certificates, Redshaw Advisors offers clear insights, industry-renowned reports and expert guidance to pinpoint and help manage its clients' financial exposure and reputational risks. Redshaw Advisors offers comprehensive procurement services, including strategic sourcing of carbon allowances, high-integrity carbon credits, and renewable energy attribute certificates to align with its clients' business needs.
Learn more at: www.redshawadvisors.com
About Summit Carbon Solutions Summit Carbon Solutions is driving the future of agriculture by expanding economic opportunities for ethanol producers, strengthening the marketplace for Midwest-based farmers, and creating jobs. In developing the largest carbon capture and storage project in the world, the company seeks to connect industrial facilities via strategic infrastructure to store carbon dioxide safely and permanently in the Midwest United States.
For more information, visit www.SummitCarbonSolutions.com
