Tiger Infrastructure Partners Welcomes TPG Rise Climate To Summit Carbon Solutions Following Completion of $1 Billion Equity Consortium

Paulson stated: "The global fight against climate change requires an all-of-the-above approach to decarbonization including the development of low carbon biofuels.  We are pleased to be working with my former colleague, Emil Henry, Tiger Infrastructure and the Summit team on this critical and ground-breaking endeavor." Paulson stated: "The global fight against climate change requires an all-of-the-above approach to decarbonization including the development of low carbon biofuels.  We are...

Paulson stated: "The global fight against climate change requires an all-of-the-above approach to decarbonization including the development of low carbon biofuels.  We are pleased to be working with my former colleague, Emil Henry, Tiger Infrastructure and the Summit team on this critical and ground-breaking endeavor."

SCS is Tiger Infrastructure's second partnership with Summit.  Tiger Infrastructure is also the largest institutional investor in Summit's biofuels platform, FS, which has successfully built two large-scale corn ethanol plants in the state of Mato Grosso, Brazil, with a third plant currently under construction.  FS is powered by renewable biomass and has one of the lowest carbon footprints of any liquid transportation fuel produced at scale in the world driven by its use of second-crop corn and renewable energy.

"Tiger has been an investor in Summit Carbon Solutions from inception, and we are thrilled with their further commitment to this transformational project," said Bruce Rastetter, CEO of Summit Agricultural Group.  "We are fortunate to have known the Tiger team for decades, and through our partnership with them in FS, our Brazilian bioethanol production company, Tiger has demonstrated the ability to bring tremendous value as an investor and as a partner."

This $1 billion consortium consists of strategic and financial partners, which currently includes Tiger Infrastructure, Summit Agricultural Group, TPG Rise Climate, Continental Resources, Inc. and SK E&S. This group brings a wealth of experience and relationships to this ground-breaking project.

SCS will capture and permanently sequester up to 20 million tons per year of carbon dioxide from ethanol and other industrial facilities across the Midwest.  In addition to completing the equity raise, recent announcements from SCS materially advance the project.  In April 2022, SCS partnered with its 32^nd ethanol plant.  Also in April 2022, SCS announced a joint venture with Minnkota Power Cooperative which provides SCS access to the largest fully permitted permanent carbon sequestration site in the United States. Together with the sequestration sites SCS is developing independently, SCS will have total sequestration capacity of approximately 1.2 billion tons of carbon dioxide.

About Tiger Infrastructure Partners
Tiger Infrastructure Partners is an innovative, middle-market private equity firm that invests in new and growing infrastructure platforms.  Tiger Infrastructure targets investments in communications (digital), energy transition, transportation, and related sectors, primarily located in North America and Europe.  For more information, visit www.tigerinfrastructure.com.

About Summit Carbon Solutions
Summit Carbon Solutions seeks to lower greenhouse gas emissions by connecting industrial facilities via strategic infrastructure to store carbon dioxide safely and permanently in the Midwestern United States. For more information, visit www.SummitCarbonSolutions.com.

For Investors:
Emil W. Henry, Jr
CEO, Tiger Infrastructure Partners
[email protected]
+1 (212) 201-2190

For Media:
Nyssa Kourakos
Founder, NK Communications
[email protected]
+1 (917) 364-5531

Logo- https://mma.prnewswire.com/media/698576/Tiger_Infrastructure_Partners_Logo.jpg