ADM signs CO2 pipeline deal to capture, store ethanol plant emissions

Jan 12, 2022 at 08:48 AM CST
CHICAGO, Jan 11 (Reuters) - Archer-Daniels-Midland Co (ADM.N) said Tuesday it had signed a letter of intent with Wolf Carbon Solutions to build a pipeline that would capture and transport carbon dioxide produced at ADM's ethanol facilities at Clinton and Cedar Rapids, Iowa. The pipeline is the latest move by agriculture and energy companies to reduce emissions of planet-warming carbon and would test carbon capture technology, a potentially powerful tool to fight climate change that is relatively new and unproven.

Jan 12, 2022 at 08:48 AM CST

CHICAGO, Jan 11 (Reuters) - Archer-Daniels-Midland Co (ADM.N) said Tuesday it had signed a letter of intent with Wolf Carbon Solutions to build a pipeline that would capture and transport carbon dioxide produced at ADM's ethanol facilities at Clinton and Cedar Rapids, Iowa. The pipeline is the latest move by agriculture and energy companies to reduce emissions of planet-warming carbon and would test carbon capture technology, a potentially powerful tool to fight climate change that is relatively new and unproven.