America’s corn belt bristles at US$8bil lifeline on industry woes


Losing ground: Farmers harvest a corn field near Salem, South Dakota. Although the United States is by far the world’s biggest grower of the staple grain, two of its key markets are at risk of shrinking. — AFP

CHICAGO: When executives in 2021 announced plans to build the largest carbon capture-and-storage (CCS) project in the world beneath the heart of the US grain belt, they thought the pitch was a compelling one.

The venture, which soon gained the backing of energy billionaire Harold Hamm, would catch, transport and trap emissions from ethanol plants in the upper Midwest, allowing the corn industry to compete in lucrative new markets like low-carbon jet fuel.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Sunway to proceed with RM11bil takeover of IJM
KIP-REIT expects higher footfall across its malls
Oxford Innotech wins RM4.8mil data centre job
Suria Capital appoints Abd Rahman Dahlan as chairman
Ringgit closes higher amid US-EU tariff concerns, easing Japanese government bonds
Shin Yang secures RM117.7mil vessel deal
UOA REIT reports threefold profit increase in 4Q25
Perak Transit appoints Ismail Jamal as general manager
Pantech cautiously positive on outlook
AmBank Group provides RM103.8mil financing for Kedah solar project

Others Also Read