ADM ADM Plans Entry into Voluntary Carbon Market with Over 800,000 Tons of Annual Removal Capacity
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03:48:18 PM UTC
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For best results when printing this announcement, please click on link below: ADM Plans Entry into Voluntary Carbon Market with Over 800,000 Tons of Annual Removal Capacity Carbon removal credits, once verified, to be generated from carbon capture facility at ADM’s corn complex in Columbus, Nebraska Columbus is the largest bioethanol carbon capture facility in the world, offering more than 800,000 tons of annual removal capacity ADM credit offering expected to be the one of the largest of its kind to date Credits will be certified and issued by Puro.earth, one of the world’s leading market infrastructure providers for engineered carbon dioxide removal Initial issuance expected by end of year, pending audit completion ADM (NYSE: ADM), a global leader in innovative solutions from nature, today announced its planned entry into the voluntary carbon dioxide removal market with credits generated by the 800,000+ ton-a-year capacity carbon capture operations at the company’s Columbus, Nebraska, corn processing complex. The credits are undergoing certification and issuance by Puro.earth, a highly respected infrastructure provider for engineered carbon dioxide removal, under its Geologically Stored Carbon methodology (Edition 2024). “ADM has more than a decade of experience supporting carbon capture and geologic storage, including operating Class VI wells at our Decatur, Illinois, facility. That experience, together with Tallgrass’ CO(2) transportation and sequestration system and the capabilities of other project participants, positions us to connect agricultural production with growing carbon removal markets at scale,” said Kris Lutt, ADM’s vice president of Innovation & Growth. “We’re already working with customers in our own value chains to help them meet their ambitious goals. This substantial carbon removal offering will allow us to expand our efforts to new customers across multiple industries, from technology and finance to aviation and pharmaceuticals.” Certification and issuance of the initial carbon removal credits is expected by year end. Upon successful completion of the certification and verification process, ADM will begin a 15-year crediting period, positioning the Columbus carbon capture facility to deliver carbon removal credits for years to come. Jan-Willem Bode, President, Puro.earth, commented, “We are delighted to be working with ADM on this very exciting project. Certifying carbon removal at this scale demands real rigor, and we believe ADM has approached every stage — from measurement and data collection through to third-party audit — with the discipline and transparency that an investment-grade market requires. The audit process has run exceptionally smoothly, which is testament to the team ADM has built around this asset, and the hard work of the Puro.earth team coordinating with them. That partnership is what turns one of the world’s largest bioethanol carbon capture facilities into verified, investable carbon removal, and it set
03:52:53 PM UTC
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ADM - ADM Plans Entry into Voluntary Carbon Market with Over 800,000 Tons of Annual Removal Capacity
03:56:02 PM UTC
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ADM Plans Entry Into Carbon Market With Over 800,000 Tons Of Annual Removal Capacity