Tag: ADM

Archer Daniels Midland to sell Brazilian sugarcane ethanol operations

Archer Daniels Midland to sell Brazilian sugarcane ethanol operations

April 4, 2016 |

In Illinois, Archer Daniels Midland Company will sell its sugarcane ethanol operations in Limeira do Oeste to JFLim Participações S.A. The sale will encompass ADM’s sugarcane plantation and ethanol distillery, capable of producing 37,000 gallons of ethanol per year, and is expected to close in the second quarter of this year. President of ADM’s corn […]

Read More

ADM to mothball Brazilian ethanol plant until it can sell the facility

ADM to mothball Brazilian ethanol plant until it can sell the facility

February 25, 2016 |

In Brazil, Archer Daniel Midlands plans to mothball its Limeira do Oeste ethanol plant during the next season, following failed attempts since 2012 to sell it. The facility has been shutdown since the end of the crush in December for annual maintenance. The company is also looking to potentially sell off three dry mill ethanol […]

Read More

ADM may be stuck with dry corn mills in tough assets market

ADM may be stuck with dry corn mills in tough assets market

February 4, 2016 |

In Illinois, ADM may be stuck with the three dry corn mills it is thinking about potentially selling with few potential takers in the market considering the half billion dollar ticket price for two of the near facilities and the fact that Abengoa’s biofuel assets also recently came on the market. Though consolidation has been […]

Read More

ADM rethinking its dry corn mills in light of oversupplied ethanol market

ADM rethinking its dry corn mills in light of oversupplied ethanol market

February 3, 2016 |

In Minnesota, oversupply of the ethanol market and weak margins has Archer Daniels Midland looking at other options for its three dry corn milling assets rather than producing ethanol as it attempts to reduce its capital investments by about $1 billion. Since 2006, the company has invested $1.3 billion to build two new dry mills. […]

Read More

DuPont Industrial Biosciences, ADM find “breakthrough process” for a “long-sought molecule”

DuPont Industrial Biosciences, ADM find “breakthrough process” for a “long-sought molecule”

January 19, 2016 |

In Delaware, DuPont Industrial Biosciences and Archer Daniels Midland announced a new breakthrough process in producing FDME from fructose, with “the potential to expand the materials landscape in the 21st century with exciting and truly novel, high-performance renewable materials”, the companies said in a joint release. You’ll love it. You’ll need it. You’ll want it. […]

Read More

New building block: The Digest’s 2016 8-Slide Guide to Dupont, ADM’s novel FDME pathway

New building block: The Digest’s 2016 8-Slide Guide to Dupont, ADM’s novel FDME pathway

January 19, 2016 |

This week, DuPont Industrial Biosciences and Archer Daniels Midland announced a new “breakthrough process” in producing FDME from fructose, with “the potential to expand the materials landscape in the 21st century with exciting and truly novel, high-performance renewable materials”, the companies said in a joint release. It’s FDME, or furan dicarboxylic methyl ester, with applications in packaging, […]

Read More

ADM teams with Kinder Morgan on new NC train rail facility and ethanol offloading system

ADM teams with Kinder Morgan on new NC train rail facility and ethanol offloading system

December 23, 2015 |

In Illinois, Archer Daniels Midland Company announced an agreement with Kinder Morgan, Inc. and Bailey Feed Mill to construct a new unit train rail facility and ethanol offloading system in Selma, North Carolina. KMI will invest in and construct the new facilities, which will be located at the Bailey Feed Mill and will have the […]

Read More

ADM’s Q3 profits fall to two-year low on strong dollar’s impacts on ethanol exports

ADM’s Q3 profits fall to two-year low on strong dollar’s impacts on ethanol exports

November 4, 2015 |

In Illinois, Archer Daniels Midland’s third quarter profits have been hit hard—by about two-thirds to $252 million, the lowest seen in two years, as a strong dollar makes for poor economics to export its ethanol and grain. Even with higher gas consumption across the US thanks to cheap oil, which should have led to higher […]

Read More

ADM finalizes purchase of remaining shares in Eaststarch

ADM finalizes purchase of remaining shares in Eaststarch

November 2, 2015 |

In Illinois, Archer Daniels Midland Company announced that it has completed the purchase of certain assets of Eaststarch C.V., ADM’s 50-50 joint venture with Tate & Lyle. ADM is now the owner of corn wet mills in Bulgaria and Turkey, and owns a 50 percent stake in a wet mill in Hungary. The Bulgaria, Turkey […]

Read More

ADM to mothball German biodiesel plant until at least Q3

ADM to mothball German biodiesel plant until at least Q3

June 2, 2015 |

In Germany, ADM plans to temporarily mothball its biodiesel facility in Leer until market conditions improve. It doesn’t plan to shut down any of its other facilities. The company says it will reassess the biodiesel market during the third quarter and then decide whether or not to reopen the facility that reported produces around 120,000 […]

Read More