Kirkland Advises Summit on Carbon Capture Partnership with POET

Kirkland & Ellis counseled Summit Carbon Solutions on a partnership with POET that will connect the world’s largest biofuel producer with the world’s largest carbon capture and storage project. The partnership strategically expands the carbon opportunity across the Midwest by incorporating POET’s 12 facilities in Iowa and five facilities in South Dakota into the Summit project. This addition will facilitate the capture, transportation and permanent storage of 4.7 million metric tons of CO2 annually from the 17 POET bioprocessing plants.

Read Summit’s press release here

The Kirkland team was led by real assets partner Chad Smith and associates Jarrod Gamble and Lyle Paul; tax partner Sam Kamyans and associate Amir Azinfar; debt finance partners Rob Eberhardt, Tatiana Monastyrskaya and Jacqueline Trudeau; and environmental transactions partner Sam Dykstra and associate Courtney Tibbetts.