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12 | ETHANOL PRODUCER MAGAZINE | MARCH 2022
BUSINESS BRIEFS PEOPLE, PARTNERSHIPS & PROJECTS
Summit Carbon Solutions announces director of carbon programs Summit Carbon Solutions has announced that Ben Nelson has joined the company as director of carbon programs. Nelson has over 20 years of experience leading Nelson business strategy and commercial execution, including 15 years at Nutrien and its portfolio companies. Nelson will play a critical role in Summit Carbon Solutions’ efforts to become agriculture’s premier decarbonization platform by helping growers understand and monetize their farm-level carbon impact, and supporting efforts through the value
chain as global demand increases for lowcarbon products and high-quality removal credits. “Summit Carbon Solutions is positioned to work with many stakeholders, influencing policy and practices that drive carbon removal and economic benefits across the ag supply chain,” said Nelson. “I’m excited to join the largest carbon removal project in the world. The 31 ethanol plant partners that have already committed to Summit Carbon Solutions are connected to 40 million acres of farmland across Iowa, Minnesota, Nebraska, South Dakota and North Dakota.”
Alto Ingredients acquires Eagle Alcohol Co.
Alto Ingredients Inc., a leading producer of specialty alcohols and essential ingredients, has acquired Eagle Alcohol Co. LLC, a top distributor of specialty alcohols headquartered in St. Louis, Missouri. The acquisition is expected to be immediately accretive and grow adjusted EBITDA by as much as $9 million annually in 2023 and beyond, including expected synergies. Eagle specializes in break bulk distribution of specialty alcohols. The company purchases bulk alcohol from suppliers,
including Alto. Then it stores, denatures, packages and resells alcohol products in smaller sizes, including tank trucks, totes and drums, that garner a premium to bulk alcohols. Eagle delivers products to customers in the beverage, food, pharma and related-process industries via its own dedicated trucking fleet and common carrier. The company generated over $35 million in revenues in 2021. Eagle is now a wholly owned subsidiary of Alto, and its former president, Dan Croghan, will remain with the company and has been named vice president of Alto and general manager of Eagle. Croghan and his team bring over 60 years of combined experience and expertise in the chemical and alcohol distribution industry.
