The project leverages the Trailblazer pipeline of Tallgrass, a leading energy infrastructure company, to transport captured carbon dioxide (CO2) from its ethanol plant.
ADM’s total segment operating profit was US$845 million for the quarter, down 19% from the previous year, reflecting agricultural and biofuel sector challenges, including softened demand for sweeteners and starches and trade disruptions impacting oilseed crush margins.
The Series A funding will be used to scale TRACT’s operations globally, enhance its platform capabilities, and expand its customer base across the agri-food sector.
The lab bakes approximately 30 loaves of bread daily, enabling ADM to evaluate flour quality and make decisions that ensure the highest standards for its customers.
The new electric trucks, powered entirely by certified renewable energy (REGOs), produce zero emissions during operation and are expected to reduce carbon dioxide emissions by approximately 95 tonnes per truck annually.