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ADM, MGSC and ISGS Announce Carbon Sequestration Project
Date:1/4/2008

t of biofuels by further reducing greenhouse gas emissions."

In this project, wells will be drilled into the Mount Simon Sandstone at an expected depth of more than 6,500 feet. Carbon dioxide from ADM's ethanol plant will be injected into the Mount Simon Sandstone, where the compressed liquid-like carbon dioxide will be stored in the porous saline rock formation. The safety and effectiveness of the storage will be monitored by the MGSC through an extensive monitoring, mitigation and verification program.

The $84.3 million project will be funded by $66.7 million from the U.S. Department of Energy over a period of seven years, supplemented by cofunding from ADM and other corporate and state resources.

The project will begin in spring 2008 with the drilling of the injection well. Environmental monitoring will begin in October 2008 to collect a year of background information. The sequestration and injection of carbon dioxide is scheduled to begin in October 2009 and should conclude in 2012.

About the Midwest Geological Sequestration Consortium

The Midwest Geological Sequestration Consortium (MGSC) is one of seven regional partnerships selected by the U.S. Department of Energy to determine the best approaches for capturing and storing carbon dioxide (CO2) that might otherwise contribute to global climate change. The MGSC is led by the Illinois State Geological Survey, in conjunction with the Indiana Geological Survey and the Kentucky Geological Survey, and covers Illinois, southwestern Indiana and western Kentucky. This partnership was established to assess geological carbon sequestration options in the 60,000 mi2oval-shaped, geologic feature known as the Illinois Basin. Within the Basin are deep, noneconomic coal resources, numerous mature oil fields and deep saline rock formations with potential to store CO2. MGSC's objective is to determine the technical and economic feasibility of using these geologic formations for long-term storag
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SOURCE Archer Daniels Midland Company
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