Farms.com Home   News

Carbon pipeline dreams still alive in South Dakota

Ever thought about how we can reduce carbon in the atmosphere? Companies like Navigator CO2 have some ideas, but they recently hit a small bump in South Dakota.

The South Dakota Public Utilities Commission didn’t greenlight Navigator’s construction permit this September. But Navigator's Elizabeth Burns-Thompson says, “We're still in this!” They're keenly waiting for the commission's written reasons before they decide their next moves.

Now, whispers in the wind say Navigator might be leaving South Dakota. But guess what? Burns-Thompson clarifies, “No official exit notices from our side!”
There’s this one story of Amy Solsma from Iowa. She got a text hinting the project might shut down. But she's got her guard up, saying, “I’m always wary about their moves.”

Imagine a $3 billion pipeline stretching 1,300 miles, carrying liquid carbon dioxide from ethanol plants all the way to Illinois and there's a cherry on top. The government gives companies a tax credit of $85 for every metric ton of carbon they store. It's all about fighting global warming.

But Navigator isn't alone. Another company, Summit Carbon Solutions, faced similar roadblocks. Yet, they're still in the race.

With all eyes on Iowa's upcoming decision, Navigator hopes for a green light by next fall. So, for all the green thumbs and carbon fighters, this story is just getting started.
 


Trending Video

A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!

Video: A Reopening of the Strait of Hormuz is Bearish Long Team Diesel/Fertilizer!


The Iran/U.S. peace deal and the reopening of the Strait of Hormuz is bearish farm diesel prices and fertilizer.
A peak in crude oil = a peak in soy oil futures + a peak in canola futures short-term.
The SpaceX IPO increased Elon Musk’s net worth by $300 billion in 1 day more than what Warren Buffet made in his entire lifetime! WOW!
The NEW Fed chairman Kevin Warsch was too hawkish and hates providing guidance and visibility on interest rates. U.S. $ Index breaks above $100.
Cattle on Feed BULLISH!
S&P Global shock- the U.S. could lose 30 million corn acres by 2050. They say we need E15 mandated now!
China has started buying U.S. soybeans, but we need more volume.