Archer Daniels Midland Company (NYSE: ADM) today officially opened its
first wholly owned biodiesel production facility in the United States
with a ceremonial ribbon cutting. The 85 million-gallon facility is
located adjacent to ADM’s existing canola seed crushing facility, and
uses canola oil as its primary feedstock.
“As global demand for energy grows, renewable fuels from crops play an
increasingly important role in the world’s energy supply,” said John
Rice, executive vice president, Commercial and Production. “The opening
of this biodiesel facility is the next step on a journey that will
strengthen rural economies, reduce overall pollution and improve the
energy security of our nation and our world.”
Construction on the Velva biodiesel facility began in April 2006.
In Europe, ADM is a leader in the biodiesel market, and in the United
States, ADM is a leader in the ethanol market. Biodiesel is a vegetable
oil-based fuel that burns cleaner than traditional petroleum-based
diesel fuel. Biodiesel works in diesel engines, improves air quality by
reducing greenhouse gas emissions and is a growing fuel source for the
world.
ADM is also a partner in Mid-America Biofuels, LLC, which opened a
biodiesel production plant in Mexico, Mo., in October 2006. In Europe,
ADM operates the world’s largest biodiesel plant in Hamburg, Germany.
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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