Alto Ingredients, Inc. Enters CO2 Transportation and Sequestration Agreement with Vault 44.01

PEKIN, Ill., Nov. 06, 2024 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients, announced it entered into a CO2 Transportation and Sequestration Agreement (TSA) with Vault 44.01 to provide transportation, injection and sequestration into the Mt. Simon sandstone formation in Illinois of CO2 produced at Alto Ingredients’ Pekin campus.

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“Continually striving to increase opportunities, improve profitability and lower carbon emissions, we partnered with Vault for the safe transportation and storage of CO2 from our Pekin campus,” said Bryon McGregor, President and Chief Executive Officer of Alto Ingredients, Inc. “While we await EPA submission and approval, address financing and source equipment, the TSA marks a significant milestone on our path toward a more prosperous future. This project represents our commitment to building a sustainable future for our environment, our farmers and our entire community.”

Producing approximately 250 million gallons of specialty alcohols and renewable fuels per year, the Pekin campus generates over 600,000 metric tons of CO2 annually as a by-product of the corn fermentation process. This project is intended to substantially reduce CO2 emissions and provide direct value to the surrounding communities while   continuing to contribute employment and economic opportunities.

Scott Rennie, President and Chief Executive Officer of Vault 44.01, said, “We are excited to continue our efforts with Alto on this project to significantly reduce carbon dioxide emissions while benefiting Illinois farmers and the broader community. In developing this project, our top priorities are safety, transparency, and the long-term security of the carbon dioxide we manage. Alongside the Alto team, we look forward to working collaboratively with landowners, community members and regulators as we bring this project to fruition.”

About Alto Ingredients, Inc.

Alto Ingredients, Inc. (NASDAQ: ALTO) is a leading producer and distributor of specialty alcohols, renewable fuels and essential ingredients. Leveraging the unique qualities of its facilities, the company serves customers in a wide range of consumer and commercial products in the Health, Home & Beauty; Food & Beverage; Industry & Agriculture; Essential Ingredients; and Renewable Fuels markets. For more information, please visit www.altoingredients.com.

About Vault 44.01

Vault, a portfolio company of Grey Rock Investment Partners, is a leading carbon capture and sequestration developer focused on the development, capitalization, and operation of carbon storage assets throughout North America. The company currently has seven carbon capture and sequestration projects under definitive agreements and active development in the U.S., with a combined capacity to permanently sequester approximately 2.5 million tons of CO2 annually. For more information, visit www.vault4401.com.

About Grey Rock Investment Partners

Grey Rock Investment Partners is a private equity firm with more than $1.3 billion in asset value across its private equity fund platform. The firm invests across the energy value chain with private equity funds focusing on investments in natural resources, carbon capture, industrial electrification, and power optimization. For more information visit https://www.grey-rock.com/.