Archer Daniels Midland sees US ethanol market increasing 14 percent in 2010

In Illinois, Archer Daniels Midland said that it expects the US ethanol market to grow from 10.5 billion gallons to 12 billion in 2010. ADM executives said that, despite a reduction in fuel demand occasioned by the recession, the RFS mandate is clear on the fuel targets, although ADM would not comment on the chances that the EPA would authorize E15 in non flex-fuel vehicles.

ADM also said that while it would continue to look at ethanol acquisitions, any plant would have to be a “great fit at a great price” according to Reuters.

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