Tag: ADM

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 […]

Read More

Strategic Intent: The Digest’s 2016 Multi-Slide Guide to ADM and ArcelorMittal

Strategic Intent: The Digest’s 2016 Multi-Slide Guide to ADM and ArcelorMittal

August 22, 2016 |

This season, we are conducting Strategic Intent, our 19 webinar series on major companies and their partnerships, progress and plans in the Advanced Bioeconomy. In this edition, we explored Archer Daniels Midland and ArcelorMittal in the interactive webinar format. Here are the slides from our Digest presentation, focusing on the innovations, M&A activity, target molecules and more […]

Read More

ADM says “Market conditions began to turn in the quarter” in announcing “challenging” Q2 results

ADM says “Market conditions began to turn in the quarter” in announcing “challenging” Q2 results

August 7, 2016 |

In Illinois, Archer Daniels Midland Company reported a $128M drop in operating profits for Q2 2016 compared to Q2 2015, the fifth consecutive quarter of decline for the agro-giant. “After a challenging start to the year, general market conditions began to turn at the end of the second quarter, providing us with improved opportunities for […]

Read More

ADM expects the first bids for its dry mill ethanol plants in August

ADM expects the first bids for its dry mill ethanol plants in August

August 3, 2016 |

In Illinois, ADM has been open in its exploration of what to do with its dry ethanol mill assets from sale to JV and now expects to receive bids by the end of August following presentations to seven potential buyers. Half of the company’s 1.8 billion gallons of ethanol production occurs at its three dry […]

Read More

Sweet smell of success: Greenyug, ADM taking biobased chemicals to scale

Sweet smell of success: Greenyug, ADM taking biobased chemicals to scale

June 20, 2016 |

Digest readers didn’t place ethyl acetate in the top 50 in our “Hottest Biobased Molecules” in our early 2016 poll — so, prepare for a shocker. In California, Greenyug said it will build an industrial-scale ethyl acetate manufacturing facility adjacent to Archer Daniels Midland Company’s wet mill corn processing facilities in Columbus, Nebraska. Greenyug has […]

Read More

ADM finalizes sales of Brazilian ethanol plant

ADM finalizes sales of Brazilian ethanol plant

May 25, 2016 |

In Illinois, Archer Daniels Midland Company announced that it had completed the sale of its sugarcane ethanol operations in Limeira do Oeste, in the Brazilian state of Minas Gerais. “ADM’s Corn business is delivering on its strategy of diversifying our portfolio and expanding our global footprint, while addressing underperforming businesses,” said Chris Cuddy, president of […]

Read More

Earnings Season: REG, Green Plains, BioAmber, ADM report improving outlooks, growth prospects

Earnings Season: REG, Green Plains, BioAmber, ADM report improving outlooks, growth prospects

May 3, 2016 |

Q1 earnings season for the advanced bioeconomy kicked off this week, with reporting from  Green Plains, ADM, REG and BioAmber. That’s an ag giant, an ethanol monster, a biomass-based diesel dominator and a fast-upcoming renewable chemicals maker. Between the four, we have a good opportunity to check the sector’s health. Overall, markets were unhappy today, […]

Read More

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