In Nebraska, ADM has to pay $20,000 for air quality violations at the company’s ethanol plant in Columbus. The plant surpassed various emissions levels several times in 2010. ADM settled with the state’s Dept. of Environmental Quality in local court last week.
20% lower capital, 30% lower raw materials, 15% lower utilities, 30% lower manufacturing – vs petroleum. Plus a multi-billion dollar market, a big partner in ADM, and big ambitions in adipic, glucaric and gluconic acids. What’s not to love about Rennovia? In Illinois, Archer Daniels Midland Company and Rennovia, Inc. announced today that ADM has […]
In California, Solazyme jumped 12% after two commercial operations in Iowa came online last Friday. The plants, one owned by Archer Daniel Midland and the other by American Natural Products, will be producing tailored oils including lubricants and personal-care oils using Solazyme’s technology. The plants are expected to scale up to 20,000 metric tons within […]
Santa Claus rallies typically occur between Christmas and New Year’s. But industrial biotech’s rally came early this year. Who is up, and why? The Digest investigates. If you’ve been following The Digest’s Equity Index in recent weeks, you’ll note that it has rallied just on 8 percent in the past two weeks, after hitting a […]
In Illinois, ADM’s CEO says that domestic ethanol production could reach 14 billion gallons thanks to good margins, regardless of the fate of the RFS. Thanks to growing corn inventories, ethanol margins are at their highest since 2009. She said that cheaper corn and ethanol prices will also likely show fuel retailers that financial viability […]
In Sri Lanka, Archer Daniels Midland Company has joined with CIC Holdings and Chemanex PLC in a joint venture to build and operate a processing facility near Colombo, Sri Lanka, to manufacture bio-based superabsorbent polymers. These products are commonly used in food packaging, personal-care products and various industrial applications. ADM will be the majority owner […]
In Minnesota, ADM says that a record corn crop leading to a 43% drop in corn prices on the Chicago markets has made the company optimistic about higher ethanol margins in 2014 and 2015. That dynamic in turn will lead to more blending, the company says. It says it is very confident the Renewable Fuel […]
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.
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. The […]