ADM’s 3Q ethanol profits soar and expects to continue riding high in 2015

November 4, 2014 |

In Minnesota, falling ethanol prices and shrinking margins haven’t dampened ADM’s expectations for a strong year ahead for its corn-based ethanol business. This summer’s double whammy of high crush margins and soaring demand led to an increase in profit of 60%.during the third quarter to $363 million. The company is looking again to higher export demand next year, topping this year’s 800 million gallons to potentially 1 billion gallons, and ADM expects to partake in that business.

 

Category: Fuels

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