Tag: ADM

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. […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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ADM pulls back from ethanol as demand flattens

ADM pulls back from ethanol as demand flattens

May 25, 2015 |

In Minnesota, ADM is pulling back from ethanol production and high fructose corn syrup to focus more on other high value food ingredients where the company thinks it will get more value from its global corn supplies. More niche products are expect to help the company buoy from the flat demand expectations from ethanol going […]

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ADM cuts biodiesel production while transferring to other products at Velva

ADM cuts biodiesel production while transferring to other products at Velva

February 25, 2015 |

In Illinois, ADM has temporarily pulled back biodiesel production at its Velva, North Dakota in favor of other products while scaling down production at other facilities across North America.  The production shift in Velva apparently began a few months ago but the company didn’t comment on production volumes or timetables until returning to production capacity.

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Earnings season: ADM, Syngenta up, Green Plains soars

Earnings season: ADM, Syngenta up, Green Plains soars

February 5, 2015 |

As earnings season begins for Q4 2014, Green Plains EBITDA jumps 42%, cash in hand jumps to $453 million Green Plains In Nebraska, Green Plains announced net income for the quarter was $42.2 million compared to net income of $25.5 million for the same period in 2013. Revenues were $829.9 million for the fourth quarter […]

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ADM sees lower 2015 ethanol margins but that they’ll get better from here

ADM sees lower 2015 ethanol margins but that they’ll get better from here

February 3, 2015 |

In Minnesota, ethanol profit margins are expected to fall for ADM this year, following lower oil prices that have pinched crush margins for corn-based ethanol, though the company expects the situation to improve during the year as demand picks up and some producers mothball temporarily.  The company expects ethanol exports to remain steady in 2015 […]

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