In South Korea, LG Chem and ADM have launched two joint ventures for U.S. production of lactic acid and polylactic acid to meet growing demand for a wide variety of plant-based products, including bioplastics. Pending final investment decisions, the joint ventures have chosen Decatur, Illinois, U.S., as the location of their intended production facilities. The […]
In Singapore, agribusiness major ADM and Asia Sustainable Foods Platform have inaugurated their ScaleUp Bio Joint Venture, which will provide contract development and manufacturing operations for precision fermentation for food applications. ScaleUp Bio already has a multi-year partnership with A*STAR’s Singapore Institute of Food and Biotechnology Innovation to establish a joint lab focused on precision […]
LanzaJet secures $50M from Microsoft CIF for first commercial SAF plant LanzaJet, has secured financing for its Freedom Pines Fuels plant in Soperton, Georgia, through the Microsoft Climate Innovation Fund. The Microsoft Climate Innovation Fund has made a $50M investment to support the construction of LanzaJet’s (and the world’s) first alcohol-to-jet sustainable aviation fuel (SAF) […]
In Nebraska, DTN reports Archer Daniels Midland wants the U.S. District Court for the District of Nebraska to throw out Green Plains’ suit against it that claims ethanol price manipulation. Green Plains filed the suit in October after the U.S. District Court for the District of Central Illinois dismissed a similar suit in August, saying […]
In Ohio, Marathon Petroleum Corp. and ADM announced the closing of their joint venture to produce soybean oil to supply the rapidly growing demand for renewable diesel fuel. The joint venture, which is named Green Bison Soy Processing, LLC, will own and operate a soybean processing complex in Spiritwood, North Dakota, with ADM owning 75% […]
In Illinois, B100 is one step closer to being a reality for commercial fleet operations thanks to the results of a pilot program that tested the fuel in five class-8 over-the-road trucks. The pilot, which was a collaboration among ADM, Optimus Technologies, Illinois Soybean Association, American Lung Association and the Missouri Soybean Merchandising Council, opens […]
In Chicago, agribusiness giant ADM has acquired Serbia’s Sojaprotein, a leading provider of non-GMO soy ingredients, for an undisclosed sum. Founded in 1977, Sojaprotein produces vegetable protein ingredients for customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. It recorded $100 million in sales in 2020 and exported to […]
In Nebraska, Law Street Media reports that Green Plains Inc. and its subsidiaries filed a complaint in the District of Nebraska against Archer Daniels Midland Company alleging it had manipulated the ethanol derivative contracts market and violated the Commodities Exchange Act. According to the complaint, the plaintiff, Green Plains Inc., produces and sells over a […]
In Illinois, ADM and Gevo, Inc. have signed a memorandum of understanding (MoU) to support the production of sustainable aviation fuel (SAF) and other low carbon-footprint hydrocarbon fuels. The MoU contemplates the production of both ethanol and isobutanol that would then be transformed into renewable low carbon-footprint hydrocarbons, including SAF, using Gevo’s processing technology and […]
In Illinois, ADM reached an agreement to sell its ethanol production complex in Peoria, Illinois to biofuels supplier, BioUrja Group. The deal is expected to close in the coming weeks. ADM will work closely with BioUrja to ensure a smooth transition of the approximately 150 colleagues at Peoria. “The sale of our Peoria facility is […]
