Archer Daniels Midland Company (NYSE: ADM) today announced plans to
convert an existing soybean crushing line to provide multi-seed crushing
capacity at its Europoort location. The facility will have an annual
rapeseed crush capacity in excess of one million tonnes. A soybean
crushing line is being converted to rapeseed crushing to supply the
Company’s biodiesel production operations and to meet the needs of
existing food oil customers. The conversion will also allow flexibility
to switch between soybean and rapeseed crushing, depending upon demand.
“This plant will complement our existing network of biodiesel and food
ingredient businesses throughout Europe,” stated Mark Zenuk, ADM Vice
President and Managing Director-Europe and Asia. “As global demand for
energy grows, biofuels, like biodiesel, are an important part of the
world’s energy supply. Through this plant, ADM is helping to meet the
growing demand for rapeseed oil, which is used for biodiesel and food
purposes.”
Construction is dependent upon applicable governmental approvals. The
plant is expected to be operational in January 2007.
About ADM
Archer Daniels Midland Company (ADM) is a world leader in agricultural
processing. ADM is one of the world's largest processors of soybeans,
corn, wheat and cocoa. ADM is also a leader in the production of soy
meal and oil, 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