Ethanol & Bioenergy News in English

America’s Corn Belt Bristles at $8 Billion Lifeline

When executives in 2021 announced plans to build the largest carbon capture-and-storage project in the world beneath the heart of the US grain belt, they thought the pitch was a compelling one. The venture, which soon gained the backing of energy billionaire Harold Hamm, would catch, transport and trap emissions from ethanol plants in the upper Midwest, allowing the corn industry to compete in lucrative new markets like low-carbon jet fuel.

It hasn’t gone as planned. After regulator pushback and vocal opposition from farmers who don’t want to be anywhere near a project they claim tramples on landowner rights, Summit Carbon Solutions has gone back to the drawing board to revise the pipeline’s path 6,300 times. The project’s expected start has been delayed until early 2026, two years later than initial projections, with the estimated cost nearly doubling to about $8 billion.

Read More : https://www.bloomberg.com/news/articles/2024-04-13/summit-carbon-pipeline-in-us-corn-belt-awaits-state-permits-farmer-support

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latest

To Top