Cardinal Ethanol and Grey Rock Investment Partners-backed Vault 44.01 formed a joint venture.

Cardinal Ethanol, an ethanol production company, and Grey Rock Investment Partners-backed Vault 44.01, a carbon capture and sequestration developer, formed a joint venture to design, implement, and operate a carbon dioxide (CO2) capture and sequestration (CCS) project at Cardinal’s ethanol production facility near Union City, Indiana. Financial terms were not disclosed. “We are committed to enhancing shareholder value through employing the latest technology in the production of clean, low carbon intensity and environmentally friendly bioethanol. Partnering with Vault 44.01 on this CCS project is another step in Cardinal Ethanol’s commitment to further lower our carbon impact and protect our environment. This partnership aligns with Cardinal Ethanol’s goals and keeps us on a path to zero emission liquid fuels,” Jeff Painter, Cardinal Ethanol CEO.