Tag: ADM

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Illinois CCS plant reaches capture milestone

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, and […]

November 26, 2012 More

Solazyme and its hybrid vigor

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 construction […]

November 15, 2012 More

New ADM-funded study shows more DDGS can be fed to dairy cattle

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 dry […]

November 5, 2012 More

ADM says ethanol margins plummeting

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 having […]

June 21, 2012 More

ADM notes US corn planting highest in 75 years; sees help for ethanol

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 at […]

May 3, 2012 More

ADM lays off 43 at bioplastic plant in Iowa

In Iowa, following ADM’s January announcement that it had terminated its joint venture with Mirel, ADM has laid off 43 employees at the bioplastic facility in Clinton.  A total of 46 employees remain while ADM reaches a decision of what to do with the plant.  4-Traders quoted ADM’s Vice President and General Manager, Kevin Moore […]

February 15, 2012 More

Biofuels Digest Index slips to 75.26 as advanced bio slides

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 4 […]

February 10, 2012 More

Biofuels Digest Index slips to 75.43 as earnings shortfall cause drag

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. Overall, […]

February 9, 2012 More

ADM to close North Dakota ethanol plant

In North Dakota, ADM will close its ethanol plant in Walhalla in April, the northernmost ethanol plant in the US just 5 miles from the Canadian border, eliminating all 61 jobs at the facility. The company says the decision was made because the facility is located too far away from corn producing areas to be […]

February 7, 2012 More

ADM and Metabolix get divorced; chilling effect on biofuels IPOs?

In Massachusetts, ADM has given notice of termination of the Telles joint venture for PHA bioplastics, effective February 8, 2012.  Telles was established as a joint venture between Metabolix and ADM in July 2006. Telles sells PHA-based bioplastics, including Mirel and Mvera, in the US, Europe and other countries. All Metabolix technology that was used […]

January 18, 2012 More