Construction of Major Large-Scale Industrial CCS Project Begins at ADM Ethanol Plant in Illinois
Posted on September 08, 2011 at 05:39 AM EDT
SUGAR LAND--September 8, 2011--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--Construction of the first large-scale industrial carbon capture and sequestration (CCS) project to be funded by the U.S. federal stimulus program began late last month at an Illinois wet-corn mill that is operated by Archer Daniels Midland Company (NYSE:ADM) (ADM) (Decatur, Illinois). The $208 million project, scheduled to be operating in 2013, will receive $141.4 million in funding from the U.S. Department of Energy (DoE) (Washington, D.C.) under the 2009 American Recovery and Reinvestment Act. An additional $66.5 million will come from the project's private-sector participants. Other companies featured: Schlumberger Limited (NYSE:SLB) , Leucadia National Corporation (NYSE:LUK) , Denbury Resources Incorporated (NYSE:DNR) , General Electric (NYSE:GE) , Air Products & Chemicals Incorporated (NYSE:APD) , Valero Energy Corporation (NYSE: VLO)
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