8 Rivers Capital’s Agreement with ADM for the Broadwing Clean Energy Complex

Vinson & Elkins LLP advised 8 Rivers Capital, LLC on the deal.

One of the world’s first zero emissions Allam-Fetvedt cycle power plants, the Broadwing Clean Energy Complex, is poised to be built in Illinois, generating 280 MW of clean power to help decarbonize the industrial, transport, and electricity sectors. 8 Rivers Capital, LLC (8 Rivers) and ADM (NYSE:ADM) announced that they have agreed in principle to locate the Broadwing facility adjacent to ADM’s processing complex in Decatur, storing captured carbon safely a mile and a half underground via ADM’s proven carbon capture and storage system.

The V&E team advising on both matters is led by partners Sean Moran (Picture) and Lauren Collins with assistance from associate Ben Livni.
 

Involved fees earner: Lauren Collins – Vinson & Elkins LLP; Ben Livni – Vinson & Elkins LLP; Sean Moran – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: 8 Rivers Capital LLC;

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Author: Martina Bellini