The total carbon capture and storage work at ADM is valued at $441 million, of which the $281 million came from the Department of Energy. ADM’s projects have been touted as one of the few successful such projects in the United States. Department of Energy has invested billions in carbon capture and storage projects. from the agreement, but President-elect Joe Biden has committed to rejoining the agreement on his first day in office. The idea behind carbon capture and storage is that, instead of letting carbon dioxide vent into the atmosphere, these projects capture carbon emitted by these processes and store them underground or sequester them for another use.Īn increase in carbon capture technology is considered necessary to meet the goals set out in the Paris Climate Agreement to keep a global temperature increase fewer than 2 degrees Celsius, according to the Intergovernmental Panel on Climate Change, the world’s leading source of information on climate change. 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.Ĭarbon dioxide is one of the main contributors to the greenhouse effect, which causes the earth to warm when gases trap energy from the sun in the atmosphere. Annual emissions stored are about half of those projected - around 519,000 tons, according to the EPA. 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. 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. Click here to sign up.Īrcher 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. Join us in December for a panel discussion on carbon capture in the Midwest. This project was funded by The Lumpkin Foundation.
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