Summit Carbon Capture, LLC (SCC), Summit’s Carbon Capture division, focuses on the growing markets for clean, domestic fossil fuel based energy. Fossil fuels such as coal, natural gas, and oil are abundant, secure, and reliable. Summit is the leading company developing projects that can take advantage of these attributes while ensuring that they are environmentally friendly and very low in greenhouse gas emissions. Climate friendly baseload power will have increasing value in the electricity marketplace and demand for large volumes of CO2 in applications such as Enhanced Oil Recovery (EOR) will also continue to grow as conventional CO2 supplies are limited. Summit’s expertise in leveraging advanced, proven technologies to optimize the economic opportunities surrounding clean power generation and oil production is unrivaled in the energy industry.
Summit’s projects within SCC include the 400MW IGCC Texas Clean Energy Project, which is a 90% carbon capture coal gasification project. This project represents nearly $3 billion in investment and is one of the highest profile United States Department of Energy (DOE) supported clean coal projects. TCEP will capture more than 2.5 million tons per year of CO2 to be sold into the West Texas EOR markets. Summit is also developing the Caledonia Clean Energy Project, a project under development in the United Kingdom. Captured CO2 from the Caledonia power plant will be taken to a subsea saline formation in the North Sea for sequestration. Summit Carbon Capture has a variety of other projects under development which are not yet public.
SCC’s primary business is large-scale carbon capture from power and other industrial projects and use of the captured CO2 for EOR. Summit has the experience and resources to work on all aspects of these projects from (1) technology development and commercialization, (2) project development, (3) CO2 and power and other output marketing, (4) EOR oil field identification and ownership, and (5) carbon emission credit verification and marketing. Summit is actively working with several different technology companies offering CO2 capture systems, including the leading equipment manufacturers for fossil fuel power production equipment. Summit has expertise in solid feedstock surface gasification, natural gas based projects, underground coal gasification and direct air capture.