Archer Daniels Midland Company (NYSE: ADM) today announced that it has
selected Columbus, Nebraska as the first location for its ethanol
capacity expansion. The Company will build a dry corn milling plant with
an initial annual capacity of 275 million gallons adjacent to the
existing ethanol plant in Columbus.
“Ethanol and other biofuels are an increasingly important part of the
world’s energy supply, especially as the world’s energy needs continue
to grow,” stated Edward A. Harjehausen, ADM Senior Vice President-Corn
Milling and BioProducts. “ADM is well-positioned to meet the nation’s
growing demand for ethanol, a renewable and cleaner-burning biofuel that
helps reduce pollution and toxins.”
In September, ADM previously announced that it planned to expand ethanol
capacity by 500 million gallons through the addition of two dry milling
plants at existing ADM ethanol facilities.
Construction, expected to be complete in early 2008, is subject to
applicable governmental approvals.
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