Assets include intellectual property, technology to produce absorbents
Archer Daniels Midland Company (NYSE: ADM) has acquired substantially
all of the assets of Groupe Lysac, Inc. (Lysac). This includes a
portfolio of intellectual property and technological assets to create
biodegradable products from natural and renewable resources. The Company
will incorporate Lysac’s assets into ADM to develop bio-based products.
“Bio-based absorbent polymers are cost effective, and they can be used
in conjunction with traditional absorbents to extend or partially
replace the petroleum-based product,” stated G. Allen Andreas, ADM
Chairman, Chief Executive and President. “ADM is committed to using
bio-based resources to manufacture products, like PHAs and now absorbent
polymers, that are traditionally made from petroleum.”
Lysac’s absorbent polymers, called Safe and Natural Absorbent Polymers
(SNAPs), are made primarily from starch and can be used in new
generations of industrial applications and consumer products, like
disposable diapers.
In March, ADM announced that it would build the first commercial plant
to produce PHA biodegradable plastics in Clinton, Iowa. PHA
biodegradable plastics have a wide variety of applications in products
currently made from petrochemical plastics, including coated paper, film
and molded goods.
About ADM
Archer Daniels Midland Company (ADM) is a world leader in agricultural
processing and fermentation technology. ADM is one of the world's
largest processors of soybeans, corn, wheat and cocoa. ADM is also a
leader in the production of soybean oil and meal, ethanol, corn
sweeteners and flour. In addition, ADM produces value-added food and
feed ingredients. Headquartered in Decatur, Illinois, ADM has over
25,000 employees, more than 250 processing plants and net sales for the
fiscal year ended June 30, 2005 of $35.9 billion. Additional information
can be found on ADM's Web site at www.adm.com.
ADM Media Relations
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