(Bloomberg) -- The world’s biggest maker of corn ethanol says US
states that don’t embrace efforts to capture and store greenhouse
gases risk being “left behind.”
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Poet LLC said in a statement Thursday it remains committed to the
technology even after a 1,300-mile pipeline project it’s backing to
ship carbon dioxide across the Midwest suffered a major setback this
week amid public resistance.
“States that are slow to adopt these technologies risk being left
behind,” South Dakota-based Poet said in the statement.
Projects to trap emissions from ethanol factories are crucial for the
industry to cash in on tax credits in President Biden’s landmark
climate bill and have attracted big Wall Street investments. Yet
efforts to build pipelines to ship the carbon dioxide are running
aground in the face of opposition from a broad coalition of
environmentalists, farmers and landowners.
The developer building the pipeline Poet is backing, Navigator CO2,
withdrew its application Tuesday for a permit in Illinois, saying it
needs to rethink the route for the project that would ship emissions
from factories across five Midwest states. South Dakota regulators
rejected Navigator’s request for a permit last month.
An even bigger carbon dioxide pipeline proposed by Iowa-based Summit
Carbon Solutions was denied a permit by North Dakota in August. Summit
is asking officials to reconsider the decision.
Read more: Growing Number of CO2 Pipelines Face Major Opposition in
Midwest
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