ADM Enters Carbon Removal Market with Nebraska Corn Complex Credits
Archer Daniels Midland (ADM) is set to enter the voluntary carbon dioxide removal market by generating credits from its corn complex in Columbus, Nebraska. The plant, which is the largest bioethanol carbon capture facility globally, has an annual capacity of over 800,000 tons of carbon removal. ADM plans to issue carbon-removal credits on the voluntary market, expected to be one of the largest of its kind.
The announcement comes as the USDA continues to eliminate and restrict funding for greenhouse gas reduction programs under the Trump administration. The certification and issuance of initial carbon-removal credits are set to be completed by the end of the year, with a 15-year crediting period following. ADM's credits are being certified and issued by Puro.earth, an infrastructure provider for engineered carbon dioxide removal.
Kris Lutt, ADM's vice president of innovation and growth, stated that the company has over a decade of experience supporting carbon capture and geologic storage, including operating Class VI wells at its Decatur, Illinois facility. This experience, combined with Tallgrass' CO2 transportation and sequestration system, positions ADM to connect agricultural production with growing carbon removal markets at scale.