ADM, Tallgrass, and Puro.earth Partner on CO2 Capture and Storage in Wyoming
What happened
Archer Daniels Midland is pursuing the voluntary carbon removal market through a partnership focused on underground CO2 capture and storage in Wyoming. The project involves ADM’s Columbus, Nebraska facility, which can capture over 800,000 tons of CO2 annually. The company is working with Puro.earth to certify and issue carbon dioxide removal credits for this activity, with initial credits expected by the end of the year for a 15-year crediting period.
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Why it matters
The initiative centers on utilizing Tallgrass’ Eastern Wyoming Sequestration Hub, which houses underground capture and sequestration wells. The project requires a Class VI permit from the Wyoming Department of Environmental Quality to proceed. Successful certification establishes a new revenue stream for ADM through these carbon removal credits.
The project development requires regulatory permits involving the Wyoming Department of Environmental Quality.
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Who's involved
- Archer Daniels MidlandGlobal food processing company entering the voluntary carbon removal market
- Wyoming Department of Environmental QualityState agency responsible for overseeing Class VI underground carbon capture permits
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Archer Daniels MidlandSpeculative
Archer Daniels Midland could establish a new revenue stream through the successful issuance of carbon removal credits.
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The entities involved
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Archer Daniels Midland
American global food processing and commodities trading corporation
- Archer Daniels Midland is expanding its operations in Nebraska, operating a corn-processing complex and partnering with Tallgrass, LLC.
- Archer Daniels Midland is utilizing its facilities in Decatur, Illinois, and Columbus, Nebraska, for carbon capture and storage, with Puro.earth certifying the removal credits.
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Wyoming Department of Environmental Quality
State agency of Wyoming