What's at Stake if We Kill the Carbon Pipeline Project
If the CO2 pipeline project is shut down, South Dakota will miss out on the following:
$1.2 Billion
$257 million
$99 million
$53 million
Loss of tax revenue
Even more, if the CO2 pipeline project is shut down, individual counties in South Dakota will feel the loss of investment, labor & income as follows:
County |
Total Investment |
Total Labor |
Income / New
|
| Beadle | $95,018,800 | $20,077,181 | $1,031,814 |
| Brown | $77,592,859 | $16,395,133 | $845,031 |
| Clark | $41,338,366 | $8,734,670 | $444,036 |
| Codington | $56,762,588 | $11,993,761 | $624,976 |
| Edmunds | $77,075,492 | $16,285,815 | $842,542 |
| Hamlin | $24,761,814 | $5,232,095 | $265,979 |
| Hand | $58,972,451 | $12,460,698 | $633,452 |
| Hyde | $35,318,574 | $7,462,706 | $379,374 |
| Kingsbury | $55,173,332 | $11,657,956 | $592,644 |
| Lake | $91,865,480 | $19,410,894 | $1,000,399 |
| Lincoln | $43,589,985 | $9,210,430 | $468,221 |
| McCook | $4,181,483 | $883,535 | $44,915 |
| McPherson | $113,060,193 | $23,889,272 | $1,214,435 |
| Miner | $28,877,722 | $6,101,774 | $310,190 |
| Minnehaha | $57,076,517 | $12,060,093 | $613,087 |
| Spink | $165,901,398 | $35,054,456 | $1,793,629 |
| Sully | $66,499,742 | $14,051,191 | $727,910 |
| Turner | $70,286,515 | $14,851,325 | $772,102 |
Loss of the Gevo Net-Zero 1 SAF Plant
The Lake Preston plant is estimated to be the largest capital investment South Dakota has ever seen, creating new opportunities for South Dakotan workers and farmers. Company officials have made it clear building the plant in South Dakota is dependent on the state having carbon capture in place. Here’s what the loss of the Gevo SAF Plant could cost South Dakota without the CO2 pipelines:
- Estimated regional economic impact of over $250 million annually and $5B over the life of the project.
- 1,500 construction jobs over three years
- 90 full-time jobs
- A $150 million wind farm built by Gevo’s partner zero6 (formerly Juhl Energy) to that will add 200 construction jobs and 15 full-time positions
Losses for Rural South Dakota
The ripple effect of caused by losing the pipeline project would be felt throughout our state, especially in rural communities dependent on farming corn for ethanol production. Experts believe the value of Carbon Capture and Sequestration in Sustainable Aviation Fuel production could equate to over $2 per bushel; a portion of which will be paid to farmers through increased corn prices. And without the pipeline projects, farmers will not only miss out on these premiums, but eventually be unable to sell corn to local ethanol plants who won’t be able to compete in markets requiring lower carbon scores. Inaction is not an option, as the demand for low carbon fuels will continue with or without us. This means:
- Local ethanol plants will not expand and could close
- Corn prices will decrease
- No new construction jobs
- Sales tax will be stagnant or decrease
-
Loss of billions in funding for schools and public works
- Consolidation of schools and municipal services
- Reduction of federal and industry dollars supporting Precision Ag – will only be investing where carbon scores are lowered and facilities exist
What You Can Do
Please contact your local representatives and tell them that the future of agriculture in our state depends on carbon capture, the pipeline and all the opportunities it makes possible. Let them know that you support the pipeline, but you want it built right – the South Dakota way. Make your voice heard – let’s not reject this once-in-a-generation opportunity. South Dakota can’t afford to kill the carbon pipeline. We need a win-win solution now.
