Archer Daniels Midland Company (NYSE: ADM) has announced an expansion of
its Hamburg facility with the addition of a palm oil refinery that will
have an annual capacity of 350,000 metric tons per year. The expansion
will also add 50,000 metric tons of additional storage capacity allowing
the facility to receive Panamax-size vessel shipments.
With the addition of the palm oil refinery, the facility will have a
capacity of over one million metric tons per year of rapeseed, soy and
palm oils making it Europe’s largest vegetable oil refinery capable of
simultaneously refining these oils. The Hamburg facility also includes
Europe’s largest soy and rapeseed crushing plants.
“This expansion is another example of how ADM’s size and breadth allows
us to supply food and industrial customers with what they need, when
they need it and at an attractive cost,” stated Mark Zenuk, ADM Vice
President and Managing Director-Europe. “The addition of palm oil
refining in Hamburg will complete our product offering in a low cost and
logistically advantageous location for Central and Eastern Europe.”
Construction is dependent upon applicable governmental approvals, and
the plant is expected to be operational in early 2007.
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
217/424-5413
media@adm.com