Summit Agricultural Group will purchase the Phillipsburg, KS. biorefinery currently owned by Prairie Horizon Agri-Energy.  The plant has a corn-ethanol output of 40 million gallons annually.  Summit will invest over $200 million to convert the plant to wheat-based ethanol in addition to producing wheat protein as a secondary product.  Carbon dioxide will be captured and marketed through subsidiary company, Summit Carbon Solutions.  Currently wheat protein is imported, but the plant will be able to supply the ingredient used in baked goods, pet foods, and aquaculture feeds.

Justin Kirchoff, president of Summit Ag Investors, stated “Our investment will bring additional jobs to rural America, increase the domestic supply of sustainable protein ingredients, reduce reliance on imports, and further reduce our carbon footprint through this proven process.”  Summit Agricultural Group operates in the U.S. and Brazil and focuses on agricultural projects relating to renewable energy.