Energy Efficiency, GHG Emissions, Industrial - May 20, 2024
ADM Lowers Emissions by 14.7%
ADM, a global agricultural supply chain manager and processor, achieved progress on its GHG reduction goals and lowered its Scope 1 and 2 and Scope 3 emissions over baseline by 14.7% and 7.7% respectively.
The company also expanded its global regenerative agriculture program, with more than 2.8 million acres in 2023 that sequestered 263,700 metric tons of CO2, and emitted 310,000 fewer metric tons of Co2e.
In 2023, ADM’s three oilseeds facilities successfully transitioned from coal to natural gas, which is expected to reduce annual emissions by around 180,000 metric tons of CO2e per year. The company completed 59 projects cumulatively projected to reduce Scope 1 and 2 emissions by more than 280,000 metric tons of CO2e annually.
In 2023, ADM increased its renewable and low-carbon energy use through increased purchases of renewable energy certificates (RECs) and power purchase agreements (PPAs) and continued to invest in the use of biofuels in its mobile and stationary equipment. It also achieved progress in pursuing technologies that will enable the use of onsite low-carbon fuels.
ADM signed an agreement with Warwick Carbon Solutions for the development of Broadwing Energy, a natural gas-fueled power plant that will provide lower carbon steam and electricity to its Decatur complex. Using ADM’s CCS expertise, this plant will utilize carbon capture technology and provide a significant increase to the company’s overall low-carbon energy usage.
As of August 2023, a new wind power facility is now providing the operations in Brazil with enough renewable electricity to offset a projected 19,000 metric tons of GHG emissions annually.
The installation of solar panels at ADM’s Silo Chroscina and Araguari facilities enabled the onsite generation of renewable electricity.
ADM performed 15 “Energy Treasure Hunts” last year that identified savings opportunities worth 241,000 megawatt hours (MWh) annually with a potential cost reduction component of $10.2 million. The team implemented 89 previously identified opportunities that are projected to save more than 250,000 MWh per year.
Details were released in its 2023 Corporate Sustainability Report.
“ADM’s global team of 42,000 colleagues once again delivered on a broad range of sustainability accomplishments in 2023,” said Board Chair and CEO Juan Luciano in a statement. “What is even more exciting is the opportunity ahead of us. From our expanding leadership role in the decarbonization of the industries in which we operate, to the potential for the bioeconomy to transform how we think about food, feed, fuel and industrial and consumer products, ADM is helping pave the pathway toward a better future for us all.”
Read These Related Articles:
Stay Up-To-Date
