Carbon credits offset ethanol production costs by a significant percentage, enough to make them non-competitive. If a plant can’t complete it is likely to close or to move to a place where it has pipeline access, which won’t be here if Floyd County drives the pipeline elsewhere.
IRFA members urge all Iowans to pull together and to find a fair and equitable path forward for CCS because capturing and sequestering carbon will be life or death for most Iowa ethanol plants over the next five years.
I believe we are at an exciting time in farming and the economics supporting the pipeline are the same that are growing the soybean crush plant expansion in the Midwest, and are driving the methane capture projects at livestock facilities.
I do not want my son, and his generation of farm kids, to come of age during an Iowa farm crisis of the 2020s. This time it would be self-inflicted.
These industry leaders have joined the American Carbon Alliance to form one unified voice for carbon capture pipeline operators, ethanol producers, landowners, farmers, construction trade workers and citizens that embrace this new energy future for America.
A unified voice for the future of American sustainable energy.