Phillips 66 may invest in decarbonizing ADM’s coal-fired ethanol plants

In Minnesota, Bloomberg Law reports that as part of the joint venture negotiations between Phillips 66 and Archer Daniel Midland, Phillips may fund the decarbonization of ADM’s coal-fired ethanol plants, with the Decatur facility likely to be first, followed by Columbus or Cedar Rapids. ADM has been trying to spin out its wet-milled ethanol plants for several years but has been unsuccessful, so is exploring the possible JV with Phillips that could potentially include sustainable aviation fuel production.

Category: Fuels