Archer Daniels Midland captures and sequesters CO₂ to lower the production cost of its ethanol fuel

May 24, 2018 | Case Study

Starting 2018, the U.S. government offers a national carbon tax credit of $50 to the industrial sector for every metric ton (MT) of CO2 that is captured and sequestered underground. The previous tax credit was $20/MT of CO2 and completely ineffective in spurring carbon capture and sequestration (CCS) projects in the U.S.; there are currently only nine carbon capture facilities in the country, and only one project, Archer Daniels Midland's Illinois Industrial CCS, stores its captured CO2 underground. The other projects utilize the captured CO2 in enhanced oil recovery (EOR) applications.

About Lux Research

Lux Research is a leading provider of tech-enabled research and advisory solutions, helping clients drive growth through technology innovation. A pioneer in the research industry, Lux uniquely combines technical expertise and business insights with a proprietary intelligence platform, using advanced analytics and data science to surface true leading indicators. With quality data derived from primary research, fact-based analysis, and opinions that challenge traditional thinking, Lux clients are empowered to make more informed decisions today to ensure future success.

Already a Lux Client?

Sign In

Interested in Learning More?

Contact us to learn the benefits of becoming a Lux member.

Or call us now

For North America (Boston Headquarters)
+1 (617) 502-5300

For EMEA (Amsterdam)
+31 20 280 7900

For APAC (Singapore)
+65 6592-6978