Green Plains Announces 100% of Rights of Way Acquired on ‘Advantage Nebraska’ Carbon Capture Project with Lateral Construction Underway

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[{"type":"text","content":" OMAHA, Neb.--(BUSINESS WIRE)--\nGreen Plains Inc. (NASDAQ:GPRE) today announced that key milestones for the ‘Advantage Nebraska’ carbon strategy have been met and the project remains on track for operation in the second half of 2025. These facilities are expected to be among the first significant volumes of low carbon ethanol from carbon capture and sequestration in the U.S. and positions the company to participate in the early days of the 45Z Clean Fuel Production Credit, the details of which were recently revealed.\n\n\n“We are very pleased with the progress that Tallgrass has made on the Trailblazer CCS project,” said Todd Becker, president and chief executive officer at Green Plains. “Tallgrass has secured all the rights of way for the laterals to connect our Nebraska plants, and all Class VI sequestration well permits have been issued, allowing us to stay firmly on schedule. Construction of the compression infrastructure is planned to begin in February, with the delivery of the compression equipment anticipated for the second quarter. With Tallgrass commencing construction of the laterals in 2024, we remain on schedule to permanently sequester 800,000 tons of biogenic carbon dioxide each year from our Central City, Wood River and York, Nebraska locations beginning in the second half of the year. The compression equipment is designed to scale to accommodate the potential for increased production and post-combustion carbon capture, with overall carbon capture capacity up to 1.2 million tons per year.”\n\n\nThe recently released 45Z GREET model allows U.S. corn ethanol to reduce its CI score by approximately 32 points with carbon capture and sequestration. Additionally based on preliminary analysis of the model:\n\n\n\nIndirect Land Use Change (ILUC) penalties for corn were further reduced, resulting in a lower starting CI for U.S. corn ethanol relative to prior GREET models\n\n\n\nA transportation penalty is assessed on imported Used Cooking Oil (UCO) relative to domestic UCO, and imported UCO is prohibited from claiming the 45Z credit if used to make on-road fuels such as biodiesel or renewable diesel\n\n\n\nUsing Renewable Corn Oil (DCO) as a feedstock to produce renewable diesel would result in an approximately 25 point CI advantage for the finished fuel relative to using soybean oil as the feedstock\n\n\n\n“Our carbon ca...

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