ADM marked the start of operations for a new carbon capture and storage project at its Columbus, Nebraska Corn Processing Complex, making the complex the bioethanol carbon capture facility in the world. The project leverages Tallgrass's Trailblazer pipeline to transport captured carbon dioxide (CO2) from ADM's ethanol plant in Columbus to Tallgrass' Eastern Wyoming Sequestration Hub for safe, permanent storage deep underground. The Trailblazer pipeline, formerly a 400-mile natural gas transmission line, runs through Wyoming, Colorado, and Nebraska, and is capable of transporting more than 10 million tons of CO2 per year, which is the equivalent of removing more than 2 million passenger vehicles from the roads1, or approximately 25% of all registered motor vehicles in the three states combined.
As part of the project, Tallgrass also constructed a lateral line connecting ADM's facility to the pipeline system using only voluntary easements from landowners.
Archer-Daniels-Midland Company is one of the world's leading transformers of agricultural products into food ingredients, fuels, and industrial products. Net sales break down by activity as follows:
- agricultural services (77.8%): manufacturing and sale of oilseed-based products, raw materials trading, transportation, storage, etc.;
- manufacturing and sale of cereal grain-based products (13.1%): flours, starches, glucose, acidulants, sweeteners, dextrose, amino acids, etc.;
- manufacturing of flavors and ingredients (8.6%);
- other (0.5%).
Net sales are distributed geographically as follows: the United States (39.2%), Switzerland (23.2%), Cayman Islands (6.6%), Brazil (3.9%), Mexico (3.8%), the United Kingdom (2.6%), Canada (2.4%) and other (18.3%).
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Investor
Investor
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Global
Global
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