ADM evaluating bids for US three ethanol plants

In Argentina, ADM said it is evaluating bids on the three ethanol plants it is looking to sell in the US, with the CEO describing the bids as “very good,” saying there is a lot of competitive tension in the industry around acquiring the facilities. Bids received including offers for purchasing the ethanol plants out right while others are for creating joint ventures with the company that still need to be evaluated as to how they would operate with ADM’s other units.