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hatrack

(59,442 posts)
Sat Nov 21, 2020, 07:33 AM Nov 2020

Shocked, Shocked: ADM Carbon Capture Plant Barely Hitting Half Its Target; Overall CO2 Output Grew

Archer Daniels Midland, one of the world’s largest agribusiness companies, has received $281 million in federal tax dollars since 2009 for carbon capture and storage projects to combat climate change. Yet the company’s largest project is storing substantially less carbon dioxide from its ethanol plant in Decatur, Illinois, than originally promised, according to a Midwest Center for Investigative Reporting review of federal and company documents.

Since starting operations at its largest project, the Illinois Industrial Carbon Capture and Storage Project, in 2017, the company has yet to reach its stated milestone of one million tons. Annual emissions stored are about half of those projected — around 519,000 tons, according to the EPA. In fact, overall carbon emissions from ADM’s facilities in Decatur increased from 4.2 million tons of carbon dioxide in 2016, the year before the capture and storage project went online, to 4.4 million tons of CO2 in 2019, according to the most recent available EPA data.

EDIT

ADM will receive tax credits of $20 per ton of carbon stored underground, meaning if it were used as planned, $20 million per year for five years. If everything were to go as planned, it would total $100 million, about $40 million more than ADM’s initial investment. While Anderson said the company is “continuing to evaluate this technology for possible expansion in Decatur or at other ADM facilities,” internal company documents express skepticism. The company’s carbon reduction plan estimates current sequestration levels at 525,000 tons.

ADM didn’t count on the technology being a long-term solution in cutting its greenhouse gas emissions by 25 percent in a feasibility study for reducing greenhouse gas emissions earlier this year. “The ability to capture stack emissions and sequester them is likely 10 years out, due to the technology and energy needed to separate and process the stack gas sufficiently to inject CO2 in the sequestration well,” ADM wrote.

EDIT

https://investigatemidwest.org/2020/11/19/despite-hundreds-of-millions-in-tax-dollars-adms-carbon-capture-program-still-hasnt-met-promised-goals/

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Shocked, Shocked: ADM Carbon Capture Plant Barely Hitting Half Its Target; Overall CO2 Output Grew (Original Post) hatrack Nov 2020 OP
Boondoggle. By the time this tech is viable, it will be obsolete. Midnight Writer Nov 2020 #1

Midnight Writer

(21,548 posts)
1. Boondoggle. By the time this tech is viable, it will be obsolete.
Sat Nov 21, 2020, 03:20 PM
Nov 2020

Also real unaddressed concerns about the effect millions of tons of carbon have on the aquafer.

Saving the air by killing the ground makes no sense.

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