Continental-backed Carbon Capture Project Secures $100 Million Investment

Combined with the investment from Continental Resources, Summit Carbon Solutions now has over $600 million of equity commitment for its proposed carbon capture and storage project in the Williston Basin.

Hart Energy Staff

Summit Carbon Solutions recently confirmed an additional investment for its proposed carbon capture and storage project in the Williston Basin that its partners say, once in operation, will be the largest such carbon sequestration project in the world.

The additional investment will come from Tiger Infrastructure Partners, an original founding investor of Summit Carbon Solutions and a member of its board of directors. The investment brings Tiger’s total commitment to the company to $100 million, according to a Summit company release on April 5.

“Tiger has been an investor in Summit Carbon Solutions from the very beginning, and we are thrilled with their further commitment to this transformational project,” Bruce Rastetter, CEO of Summit’s parent company Summit Agricultural Group, commented in the company release.

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