Carbon capture is not necessary for ethanol plants to survive. Plants need Co2 to thrive.
It's all about money. If there were no Q45 tax credits attached to carbon sequester NO ONE would be supporting it.
It's all about money at the expense of landowners.
Shame on everyone who is trying to spin the facts to make people believe the Co2 pipeline is necessary for ethanol plants to continue operations. That IS NOT the case and Walt surely knows it as well.
Gov. Noem's son-in-law, Kyle Peters, is a registered lobbyist for Gevo Inc. Gevo plans to partner with Summit Carbon Solutions for Sustainable Aviation Fuel. Cozy!
In November, GEVO stock was listed as an "energy stock to sell," with their stock worth less than a dollar. They have a very complicated ownership structure with layers of nested companies - who's watching to make sure we are not inviting foreign ownership of this plant?
Every ethanol plant will need 21 to 27 million gallons a year for the CO2 sequestration process, and additional energy will be needed to prepare and compress CO2 to a supercritical state. If all 13 ethanol plants participated, they would need 273,000,000 - 351,000,000 gallons of water every year. The Legislature just passed a joint resolution asking for 19,121 acre feet from the Missouri: Elk Point Aquifer. That equals 6,230,605,229 gallons a year to serve Clay, Lake, Lincoln, McCook, Minnehaha, Turner, and Union in the Iowa counties of Lyon, O'Brien, Osceola, and Sioux and in the Minnesota counties of Nobles and Rock. Should we use millions of gallons of water to compress CO2 into waste when we cannot even keep enough water for our communities?
Why do we think driving demand for temporary construction jobs is a plus when we are paying millions of dollars in advertising to recruit workers to fill the existing construction jobs?
Summit's economic study, done by Ernst & Young, states on pages 16 and 17 that Summit provided data to them and that they used double counting. Further, it says: Any third parties reading the report should be aware that the report is subject to limitations, and the report's scope was not designed for use or reliance by third parties for investment purposes or any other purpose.
The only major economic victory is for Summit's investors, who will undoubtedly sequester all the profits.
It's amazing to me that 70 percent of the corn produced in SD goes to producing ethanol--so really farmers are no longer feeding the world, they are just producing fuel additives? Assuming he's correct about SAF, SD produced 794 million bushels of corn in 2022, 70 percent of that is almost 556 million bushels, add another 147 million bushels to that and 703 million bushels of SD corn would be used to produce ethanol, some 88 plus percent of all the corn that's produced in SD. Some studies, https://www.ers.usda.gov/webdocs/outlooks/105762/bio-05.pdf?v=9760.9 project that in the United States, fuel ethanol consumption is expected to remain below 2021 production capacity across all EIA scenarios and years. This could result in unutilized ethanol-production capacity and potentially reduce ethanol-based demand for corn. I certainly understand why ethanol plant owners like Walt are interested in increasing markets for their ethanol production and why farmers want to sell their corn, but we must not need much corn to feed people and animals if we can use 88% of it for fuel.
Personally, when I look at land use in SD--in particular the plowing and planting of marginal land to corn production, I wonder what the future costs are to that land from heavy chemical use necessary to support production on marginal land and of the risk and costs associated with the carbon capture pipelines required in order to create a market that currently doesn't exist. I suspect that other commenters are correct that without tax credits attached to sequestration, it wouldn't make fiscal sense to do it.
Carbon capture is not necessary for ethanol plants to survive. Plants need Co2 to thrive.
It's all about money. If there were no Q45 tax credits attached to carbon sequester NO ONE would be supporting it.
It's all about money at the expense of landowners.
Shame on everyone who is trying to spin the facts to make people believe the Co2 pipeline is necessary for ethanol plants to continue operations. That IS NOT the case and Walt surely knows it as well.
Let's dive into a few more facts:
Gov. Noem's son-in-law, Kyle Peters, is a registered lobbyist for Gevo Inc. Gevo plans to partner with Summit Carbon Solutions for Sustainable Aviation Fuel. Cozy!
In November, GEVO stock was listed as an "energy stock to sell," with their stock worth less than a dollar. They have a very complicated ownership structure with layers of nested companies - who's watching to make sure we are not inviting foreign ownership of this plant?
Every ethanol plant will need 21 to 27 million gallons a year for the CO2 sequestration process, and additional energy will be needed to prepare and compress CO2 to a supercritical state. If all 13 ethanol plants participated, they would need 273,000,000 - 351,000,000 gallons of water every year. The Legislature just passed a joint resolution asking for 19,121 acre feet from the Missouri: Elk Point Aquifer. That equals 6,230,605,229 gallons a year to serve Clay, Lake, Lincoln, McCook, Minnehaha, Turner, and Union in the Iowa counties of Lyon, O'Brien, Osceola, and Sioux and in the Minnesota counties of Nobles and Rock. Should we use millions of gallons of water to compress CO2 into waste when we cannot even keep enough water for our communities?
Why do we think driving demand for temporary construction jobs is a plus when we are paying millions of dollars in advertising to recruit workers to fill the existing construction jobs?
Summit's economic study, done by Ernst & Young, states on pages 16 and 17 that Summit provided data to them and that they used double counting. Further, it says: Any third parties reading the report should be aware that the report is subject to limitations, and the report's scope was not designed for use or reliance by third parties for investment purposes or any other purpose.
The only major economic victory is for Summit's investors, who will undoubtedly sequester all the profits.
Could it be important to Note that the author has a Huge Conflict of Interest?
It's amazing to me that 70 percent of the corn produced in SD goes to producing ethanol--so really farmers are no longer feeding the world, they are just producing fuel additives? Assuming he's correct about SAF, SD produced 794 million bushels of corn in 2022, 70 percent of that is almost 556 million bushels, add another 147 million bushels to that and 703 million bushels of SD corn would be used to produce ethanol, some 88 plus percent of all the corn that's produced in SD. Some studies, https://www.ers.usda.gov/webdocs/outlooks/105762/bio-05.pdf?v=9760.9 project that in the United States, fuel ethanol consumption is expected to remain below 2021 production capacity across all EIA scenarios and years. This could result in unutilized ethanol-production capacity and potentially reduce ethanol-based demand for corn. I certainly understand why ethanol plant owners like Walt are interested in increasing markets for their ethanol production and why farmers want to sell their corn, but we must not need much corn to feed people and animals if we can use 88% of it for fuel.
Personally, when I look at land use in SD--in particular the plowing and planting of marginal land to corn production, I wonder what the future costs are to that land from heavy chemical use necessary to support production on marginal land and of the risk and costs associated with the carbon capture pipelines required in order to create a market that currently doesn't exist. I suspect that other commenters are correct that without tax credits attached to sequestration, it wouldn't make fiscal sense to do it.
Why not build in existing highway and roadways right of ways? May not be straight lines but industry can afford it
What a brainwash! Just stop....
Interesting that not a word is said about the claim that the waste liquid CO2 actually winds up safely transformed into stone...