Food processing and commodities trading corporation Archer-Daniels-Midland Company (NYSE:ADM), popularly known as ADM, recently announced that it has joined hands with Wolf Carbon Solutions, an energy infrastructure company, to reduce ADM’s carbon footprint. Following the news, shares of the company gained marginally to close at $70.48 in Tuesday’s extended trading session. Strategic Implications With this partnership, ADM and Wolf Carbon will construct a pipeline that will allow for the capture, compression and transportation of carbon dioxide produced at ADM’s facilities in Clinton and Cedar Rapids, Iowa. The pipeline will be capable of transporting 12 million tons of CO2 per year.
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Archer Daniels Midland (NYSE:ADM)
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Archer Daniels Midland (NYSE:ADM)
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De Mai 2021 à Mai 2022 Plus de graphiques de la Bourse Archer Daniels Midland