# EDGAR Filing Document

**Accession Number:** 0001352081
**File Stem:** 0001352081-23-000004
**Filing Date:** 2023-1
**Character Count:** 9305
**Document Hash:** ae78b9a29894102d2566d05ccdf4cb19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001352081-23-000004.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001352081-23-000004

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230130

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cardinal Ethanol LLC
- **CENTRAL INDEX KEY:** 0001352081
- **STANDARD INDUSTRIAL CLASSIFICATION:** INDUSTRIAL ORGANIC CHEMICALS [2860]
- **IRS NUMBER:** 202327916
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-53036
- **FILM NUMBER:** 23566669

**BUSINESS ADDRESS:**
- **STREET 1:** 1554 N. 600 E.
- **CITY:** UNION CITY
- **STATE:** IN
- **ZIP:** 47390
- **BUSINESS PHONE:** 765-964-3137

**MAIL ADDRESS:**
- **STREET 1:** 1554 N. 600 E.
- **CITY:** UNION CITY
- **STATE:** IN
- **ZIP:** 47390

?xml version="1.0" ? card-20230130

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, DC 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): **January 30, 2023**

**CARDINAL ETHANOL, LLC**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Indiana** | **000-53036** | **20-2327916** |
| (State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

**1554 N. County Road 600 E., Union City, IN 47390**

(Address of principal executive offices)

**(765) 964-3137**

Registrant's telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: **None**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

□

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**Item 7.01 Regulation FD Disclosure**

On January 30, 2023, Cardinal Ethanol, LLC and Vault 44.01 issued a press release announcing that, through their affiliate companies, they have formed a joint venture that plans to design, implement and operate a carbon dioxide capture and sequestration project. The press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 7.01 is being furnished pursuant to Regulation FD Disclosure. The information furnished, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

**Item 9.01 Financial Statements and Exhibits**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)None.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)None.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)None.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)Exhibits.

**Exhibit No.&nbsp;&nbsp;&nbsp;&nbsp;Description**

<u>[99.1](cardinalonecarbonpartner.htm)</u> Press Release <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | **CARDINAL ETHANOL, LLC** |
| Date: January 30, 2023 | /s/ Jeffrey Painter |
| | Jeffrey Painter, Chief Executive Officer |
| | (President and Principal Executive Officer) |

---

## Exhibit 99.1

![](cardinalonecarbonpartner001.jpg)

Cardinal Ethanol and Vault 44.01 Form Joint Venture to Implement a Carbon Capture and Sequestration Project in Indiana January 30, 2023, 8:00 AM Eastern Standard Time UNION CITY -- Cardinal Ethanol, LLC (Cardinal) and Vault 44.01 Ltd. (Vault) announced today that, through their affiliate companies, they have 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. The joint venture is structured with each party controlling an equal interest in a newly formed limited partnership named One Carbon Partnership, LP. Cardinal's facility produces approximately 135 million gallons of ethanol per year, which generates approximately 400,000 metric tons of CO2 as a by-product of the corn fermentation process. One Carbon Partnership plans to construct a facility to capture the CO2 generated from the ethanol production process and safely and permanently store such emissions deep underground in a secure geologic reservoir, thereby substantially reducing the CO2 emissions from the ethanol production process. While the project is still in its early stages and subject to customary variables that could influence the project, the partnership has submitted a Class VI permit application to EPA Region 5 in support of the project and has received a completeness determination from the EPA. The partners have engaged with local landowners and communities about the potential project and are very pleased with the support they have received. Cardinal will continue to provide high quality jobs and economic opportunity while working towards minimizing the amount of CO₂ emitted into the earth's atmosphere. "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," said Jeff Painter, Chief Executive Officer, Cardinal ethanol, LLC. "We are pleased to be working with the excellent team at Cardinal and are excited to have reached several important milestones in the development of this high quality, early-to-market CCS project. This project with Cardinal exemplifies our view that the lowest cost option for CCS is often to find a local solution, where that's possible," said Scott Rennie, Chief Executive Officer, Vault 44.01. About Cardinal Ethanol, LLC Located in Union City, Indiana, Cardinal Ethanol is a leader in ethanol production within the State. Cardinal offers a variety of co-products like DDGS, Distiller's Corn Oil, and CO2. Cardinal Ethanol continues to bring value to its shareholders by utilizing the latest technologies, advances in fermentation, and expertise of professional and technical partners across the US. For more information regarding Cardinal ethanol, LLC, visit www.cardinalethanol.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. Vault's core management, technical, and execution team brings over 60 years of direct carbon sequestration experience, with involvement in the development of carbon storage projects across North America since 2007. The company is currently engaged in 15+ emerging CCS projects throughout North America that range from single emitter sourced, on-site sequestration projects, to the origination and development of large multi-emitter CO2 sequestration hubs. For more information, visit www.vault4401.com. About Grey Rock Investment Partners

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![](cardinalonecarbonpartner002.jpg)

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 www.grey-rock.com. Contact Matthew Kielbasinski, CFO, Vault 44.01 matt@vault4401.com

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