Carbon Green plans to secure carbon credits for more US biofuel plants

In Illinois, Carbon Green said it expects to significantly increase carbon credit grants for US ethanol plants, following the first grant of credits to the 44 Mgy Corn Plus facility in Minnesota. Carbon Green execs said that ethanol significantly reduces the 21 pounds of carbon released per gallon of gasoline, and that this reduction will eventually be eligible for credits.

In addition, the company said that US biofuels plants will be able to earn and trade carbon credits for the reduction of fossil fuel emissions during their production process. The Corn Plus plant in Minnesota burns corn syrup to offset fossil fuel use, and uses two wind turbines for electricity.

Illinois Senator Barack Obama has proposed a US-based, cap-and-trade emissions policy and investment of $150 billion in new alternative energy technologies, and a 80% greenhouse gas emission reduction target for 2050.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

EPA says ethanol plants can create negative carbon footprint if using CHP system

The EPA said in a new report that ethanol plants that use natural gas CHP (combined heat and power) systems can create net negative carbon emissions. Recently, Carbon Green said it expects to signi...

“Things may not be as bleak as they appear for future biofuel development”; carbon credit opportunity review

"Things may not be as bleak as they appear for future biofuel development," writes Corn and Soybean Digest on opportunities for projects to earn carbon credits and produce positive reductions in green...

AgRefresh verifies 83,363 tonnes of dairy carbon offset credits in waste-to-energy programs

AgRefresh announced that they had verified 83,363 tonnes of carbon offsets, produced by dairy farmers undertaking waste-to-energy projects. The projects in the AgRefersh programs captured methane and ...

Pro-Natura green charcoal, from biomass pyrolysis, reduces CO2; Air France offers green char carbon offsets based on Senegal project

In France, Air France is now giving passengers the option to buy carbon offset credits tied to the Pro-Natura green charcoal project in Senegal. The pyrolysis technology produces 11.6 tons of CO2-equi...

South Africa’s Sasol investigating non-carbon fuels, biodiesel, nuclear/non-carbon energy options

In South Africa, Sasol recently gave a comprehensive update on their efforts in new energy technologies. CEO Pat Davies said that the company is now: investigating non-carbon energy technologies, and ...

Ag Carbon Index commences roadshow; “bottom-up” system offers hedging, trading opportunities, and valuation support

In Virginia, GIC Group has commenced a roadshow in support of its Ag Carbon Index, in which exchanges and strategic investors will have a preview of the first "bottom-up" valuation and trading system ...