Alto in LOI with Vault ‘to Advance Carbon Capture and Storage initiative’

Alto Ingredients announced that it has entered into an exclusive nonbinding letter of intent and is nearing the execution of definitive agreements to develop a carbon capture and storage CCS project with Vault 44.01 Vault at Alto‘s Pekin campus in Pekin, IL. The letter of intent provides that Alto will install equipment to capture carbon dioxide CO2 generated from the ethanol production process at its Pekin campus and Vault will safely transport and permanently store the emissions deep underground in a secure geologic reservoir located in close proximity to the campus. The project is intended to substantially reduce CO2 emissions from the ethanol production process and provide direct value to the surrounding communities. Both Alto and Vault continue to engage with local stakeholders, landowners, and communities regarding the project. “Nearing a key milestone in developing this CCS project, Vault looks forward to working with Alto and continuing to work with communities and landowners in the Pekin area to develop a safe and high-quality project. This project with Alto exemplifies our view that one of the best options for CCS is often a local solution,” said Scott Rennie, President and Chief Executive Officer of Vault 44.01.