Archer Daniels Midland Company and Siouxland Ethanol LLC are pleased to
announce the formation of an ethanol marketing agreement. As part of
this marketing agreement, ADM will market all ethanol produced by
Siouxland Ethanol at its forthcoming 50 million gallon Jackson, Nebraska
facility. Construction has begun and the plant is expected to be
operational in early 2007. In addition to producing ethanol, the plant
will produce an estimated 165,000 tons of distiller grains on an annual
basis.
“We recognized early on that the transportation of ethanol would be a
key component in making Siouxland Ethanol a successful company,” stated
Tom Lynch, President-Siouxland Ethanol. “We are happy to have teamed up
with ADM, a world leader in sales of this product.”
“ADM is proud to partner with Siouxland Ethanol to bring their ethanol
to market,” stated Martin Lyons, division Senior Vice President-Ethanol
Sales & Marketing. “By creating fuel from American crops, ethanol
producers help increase demand for the harvest, improve our environment
and reduce our nation’s dependence on foreign oil.”
The Siouxland Ethanol plant will be located one and a half miles west of
Jackson, Nebraska. The plant, owned by local investors, will produce 50
million gallons of ethanol and consume 18 million bushels of corn on an
annual basis as well as create thirty-two new jobs.
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