Federal government plans to cover more than half of second ADM carbon-capture project’s costs

ADM gets $99 million for carbon-capture project

DECATUR, Ill. — The U.S. Department of Energy will give Archer Daniels Midland up to $99 million in stimulus funds to help pay for the Decatur-based agricultural company’s second carbon-capture project.

ADM says the money will allow it to begin designing and building the new demonstration project starting in 2012. The company hopes the project will capture and store 1 million tons of carbon dioxide a year from ADM’s ethanol plant. ADM plans to spend $43.6 million.

The carbon will be stored in a rock formation beneath ADM’s Decatur location known as the Mount Simon Sandstone.

ADM has a separate carbon-capture project working at its Decatur location design to store a thousand tons a day for several years. The location will then be monitored for leaks as a test.