Tag: ADM
ADM’s ethanol plants all running at 100% capacity
Tweet In Minnesota, ADM says that it turned all of its ethanol plants back online during the first quarter of 2013 and are running at full capacity thanks to improved margins. Corn prices have slumped in recent months thanks to higher-than-expected stockpiles.
ADM aims for $3.4B bid for GrainCorp
Tweet In Illinois, Archer Daniels Midland Company (NYSE: ADM) announced that it has completed due diligence on GrainCorp Limited (ASX: GNC) and intends to make a cash offer to acquire the outstanding common shares of the company for A$12.20 per share under the terms of the takeover bid implementation deed signed with GrainCorp last week. [...]
Illinois CCS plant reaches capture milestone
Tweet In Illinois, the Illinois Basin-Decatur Project has reached its first capture milestone with its CCS plant sequestering CO2 from an ethanol facility operated by Archer Daniels Midland. Operations at the first large scale carbon-capture plant began a year ago, injecting 1000 metric tons of CO2 a day into the Mount Simon Sandstone saline reservoir, [...]
Solazyme and its hybrid vigor
Tweet Solazyme lands monster capacity expansion agreements with ADM and Bunge – what’s the sector’s hottest company up to now? Yesterday, Solazyme announced two landmark capacity expansion agreements with Bunge and ADM, respectively. The Bunge agreement will expand joint venture-owned oil production capacity at Solazyme Bunge Renewable Oils from the current 100,000 metric tons under [...]
New ADM-funded study shows more DDGS can be fed to dairy cattle
Tweet In Illinois, a new study commissioned by ADM Alliance Nutrition shows that dairy cattle can take a higher ration of DDGs than previously thought before milk quality starts to suffer. Traditional feeding included less than 10% DDGs in the dry matter feeding ration but the new study says that up to 30% of the [...]
ADM says ethanol margins plummeting
Tweet In France, ADM’s CEO told an investor’s conference in Paris that ethanol margins have fallen to nearly 30 cents loss per gallon, down even further from the 13 to 15 cents loss per gallon seen in the reporting period to May 1. Low corn supplies until the upcoming harvest arrives means some facilities are [...]
ADM notes US corn planting highest in 75 years; sees help for ethanol
Tweet In Illinois, Archer Daniels Midland says it is encouraged by farmers plans to plant the most corn this season as has been seen in 75 years, which will boost corn supplies and help ethanol margins. Excess supply in the market significantly weakened margins leaving the company’s operating profit for the first quarter of 2012 [...]
Biofuels Digest Index slips to 75.26 as advanced bio slides
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.23 percent to 75.26 as advanced biofuels stocks declined. For the day, ADM gained 1.08 percent to $30.75, while Amyris (AMRS) rebounded 7.87 percent to $9.73. Among other equities, Gevo (GEVO) dropped 4.36 percent to $8.99. Overall, advances and declines led advances [...]
Biofuels Digest Index slips to 75.43 as earnings shortfall cause drag
Tweet The Biofuels Digest Index™ (BDI), a basket of public biofuels stocks, slipped 0.45 percent to 75.43 as CDXS weighed down the Index after missing consensus earnings forecasts. For the day, ADM gained 2.08 percent to $30.42, while Amyris (AMRS) dropped 6.04 percent to $9.02. Among other equities, Codexis (CDXS) plunged 15.41 percent to $5.05. [...]
