Archer Daniels Midland Company (NYSE: ADM) has formed an industrial
chemicals group with a focus on dramatically increasing ADM’s presence
in industrial markets. This business will leverage ADM’s processing
expertise, fermentation and separation technologies and global
distribution network to expand ADM’s product offerings in industrial
chemicals by working to commercialize additional chemicals from
renewable feedstocks.
“Renewable, biobased industrial chemicals fit into two major trends that
we’re seeing in the marketplace: the desire to improve a product’s
environmental footprint and the desire to reduce the use of
petroleum-based products. In the short-term, we see opportunity to
commercialize direct replacements for typically petroleum-derived
chemicals. And in the longerterm, we see even more opportunities to
develop new chemicals which provide increased functionality and are
better for the environment. As one of the world’s largest processors of
renewable feedstocks, ADM has a unique opportunity to succeed in this
area,” said John Rice, executive vice president, Commercial and
Production.
To lead the new industrial chemicals business, ADM has hired Janet Mann
as general manager, Industrial Chemicals, reporting to Rice. Mann joins
ADM from Chemtura Corporation where she was vice president and general
manager, Performance Specialties. Mann previously served as business
director for The Dow Chemical Company and executive vice president of
Dow’s ANGUS Chemical subsidiary. She received a Master of Business
Administration degree in finance from DePaul University and a Bachelor
of Science degree in chemistry from Bradley University.
“The demand for biobased solutions is growing rapidly in the industrial
segment. ADM has the assets and knowledge to commercialize many
chemicals from renewable agricultural feedstocks, and I am very excited
to join the team,” said Mann.
“Janet brings a deep understanding of the chemical and plastics industry
to the ADM team. She has expertise in developing and implementing
successful business strategies focused on growth in the chemical
industry,” said Rice.
About ADM
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy
and has a premier position in the agricultural processing value chain.
ADM is one of the world’s largest processors of soybeans, corn, wheat
and cocoa. ADM is a leading manufacturer of biodiesel, ethanol, soybean
oil and meal, corn sweeteners, flour and other value-added food and feed
ingredients. Headquartered in Decatur, Illinois, ADM has over 27,000
employees, more than 240 processing plants and net sales for the fiscal
year ended June 30, 2007 of $44 billion. Additional information can be
found on ADM’s Web site at www.adm.com.
ADM Media Relations
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