ADM

FILE - In this Monday, Aug. 31, 2015, photo, the Archer Daniels Midland Company logo is seen at the Farm Progress Show in Decatur, Ill. (AP Photo/Seth Perlman, File)

DECATUR, Ill. (WAND) - ADM and Super6 Carbon, Inc. have signed a deal to produce high-quality carbon dioxide removal credits through the permanent storage of captured carbon dioxide at ADM's carbon capture and storage site in Decatur. 

Super6 Carbon develops engineered CDR projects and builds the carbon infrastructure required for permanent COâ‚‚ storage.

As part of the non-binding memorandum of understanding agreement, Super6 Carbon will procure and deliver CO₂ for secure geological storage to ADM's existing CCS site in Decatur.

This will let ADM expand its carbon management business beyond bio ethanol while advancing large-scale, verifiable CDR. ADM will get a minority stake in Super6 once deals are fully finalized. 

"ADM is a proven leader in CCS technology, operating one of only a few active commercial carbon storage facilities in North America," said Robert Alloway, President at Super6 Carbon. "Leveraging these existing operations ultimately gives us a unique opportunity to unlock near-term, industrial-scale, commercially viable CDR projects that address the growing demand for decarbonization."

"Decatur has ideal geological conditions for CCS operations, and we've been safely injecting CO2 for permanent storage into the Mt. Simon sandstone formation more than a mile underground here for over a decade," said Matt Kaloupek, Vice President of CCS at ADM. "CCS has the potential to be a true economic differentiator for this region, and this agreement with Super6 is a great example of the innovative ways we are looking to use this technology."

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