The article quotes EFI Foundation Executive Vice President Joseph Hezir saying at our “Taking Root” report release that expanded tax credits provide a “large economic opportunity” to refurbish or build new ethanol facilities with carbon capture in the Midwest and that the economics look promising for ethanol plants to add carbon capture. The article also references a finding from our 2023 report, Turning CCS Projects in Heavy Industry and Power into Blue Chip Financial Investments, about the cost to ethanol producers of sequestration ranging from $36 to $41 per metric ton.
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