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 mills. Weak ethanol margins were among the reasons for the company failing it hit analysts’ expectations for Q2 in its reporting this week.

Category: Fuels

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