Environment & Energy
Related: About this forumShocked, Shocked: ADM Carbon Capture Plant Barely Hitting Half Its Target; Overall CO2 Output Grew
Archer Daniels Midland, one of the worlds 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 companys 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 ADMs 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.
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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 ADMs 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 companys carbon reduction plan estimates current sequestration levels at 525,000 tons.
ADM didnt 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.
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https://investigatemidwest.org/2020/11/19/despite-hundreds-of-millions-in-tax-dollars-adms-carbon-capture-program-still-hasnt-met-promised-goals/
Midnight Writer
(21,548 posts)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.