Tag: ADM

ADM sees strong ethanol exports continuing to Brazil in Q2

ADM sees strong ethanol exports continuing to Brazil in Q2

May 2, 2017 |

In Illinois, despite the Brazilian government contemplating a 20% import tariff on ethanol, the CEO of Archer Daniels Midland expects US ethanol exports to remain strong during Q2 and Brazil to continue to be a key export destination during that period. With US ethanol demand seen at around 14.7 billion gallons this year, he expects […]

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The pile-on for bionylon: ADM, Rennovia, JM accelerate the chase

The pile-on for bionylon: ADM, Rennovia, JM accelerate the chase

February 22, 2017 |

Just when we’ve chided ADM for being quieter in the sector than a Sensory Deprivation Chamber, they’ve gone and been associated with two major announcements in the week leading up to ABLC. From California we learn that Johnson Matthey and Rennovia have signed a license agreement with Archer Daniels Midland Company to provide catalyst and […]

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Greenyug to go commercial-scale in 2017, signs key ethyl acetate offtake deal with Helm

Greenyug to go commercial-scale in 2017, signs key ethyl acetate offtake deal with Helm

February 21, 2017 |

In California, HELM AG and Greenyug signed an off-take agreement for the purchase and sale of bio-based Ethyl Acetate produced at Greenyug’s planned Ethyl Acetate facility in Columbus, Nebraska. This agreement will make significant amounts of bio-based Ethyl Acetate available first time to the market. As we reported last June, Greenyug has formed a subsidiary, […]

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ADM profit jumps 30% to $424M in Q4

ADM profit jumps 30% to $424M in Q4

February 12, 2017 |

In Illinois, Archer Daniels Midland Company (NYSE: ADM) reported Q4 earnings of $424 million, or $0.73 per Share, and $0.75 per Share on an Adjusted Basis. The company noted adjusted segment operating profit up over 30 percent compared to prior fourth quarter, and said that it expected improvements across all businesses, project launches lead to […]

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ADM says will hold on to dry mill ethanol plants as it seeks better shareholder value

ADM says will hold on to dry mill ethanol plants as it seeks better shareholder value

February 8, 2017 |

In Illinois, Archer Daniels Midland’s CEO said the company is holding off on selling its dry mill ethanol plants in hopes of ensuring more value for shareholders when potential new tax structures come into place such as the proposed cut in corporate tax rates to 20% from the current 35% as proposed by the Speaker […]

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ADM offsets Q4 losses with strong ethanol results but market starting to turn

ADM offsets Q4 losses with strong ethanol results but market starting to turn

February 7, 2017 |

In Illinois, it appears that Archer Daniels Midland hasn’t been able to successfully offload its dry mill ethanol plants before margins went into negative territory. In its Q4 reporting this week, no mention was made of the future of the plants. The company’s corn processing unit saw better results thanks to steady demand for ethanol […]

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CCS technology at ADM’s Decatur biofuel facility may be scaled up in South Africa

CCS technology at ADM’s Decatur biofuel facility may be scaled up in South Africa

December 14, 2016 |

In South Africa, ADM’s carbon capture and storage trial project at its biofuel plant in the Illinois basin that has successfully stored 1 million metric tons of CO2 will be scaled up to use alongside coal mines in Esteven in conjunction with Canada’s Petroleum Technology Research Center, the Illinois State Geological Survey, and the South […]

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ADM to set up renewable natural gas project at Decatur facility

ADM to set up renewable natural gas project at Decatur facility

December 12, 2016 |

In Illinois, Archer Daniels Midland Co. recently announced a project in which renewable natural gas, produced as a byproduct at ADM’s corn processing facility in Decatur, Illinois, will be distributed by Ameren Illinois into the nation’s natural gas infrastructure. Methane is a natural byproduct of the anaerobic digestion process from ADM’s Decatur wastewater treatment facility. […]

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ADM reports sharply increased income, says operating conditions “improving”

ADM reports sharply increased income, says operating conditions “improving”

November 6, 2016 |

In Illinois, Archer Daniels Midland Company reported  Q3 net income of $341 million, or $0.58 per Share “After working through the challenging environment in the first half of the year, we capitalized on improving operating conditions in the third quarter and are positioned well for a solid finish to the year,” said ADM Chairman and […]

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ADM evaluating bids for US three ethanol plants

ADM evaluating bids for US three ethanol plants

September 15, 2016 |

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 […]

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