Tag: ADM

Deal Flow for 1/13/22: Solvay, Trillium, LanzaJet, Microsoft CIF, Maersk, Hyundai Heavy, Liquid Wind, Neste, Ørsted, Ballard

January 11, 2022 | Meghan Sapp

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) […]

ADM asks US District Court in Nebraska to throw out Green Plains’ latest suit

December 30, 2021 | Meghan Sapp

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 […]

Marathon and ADM close JV to produce soy oil in North Dakota

December 15, 2021 | Meghan Sapp

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% […]

ADM B100 trial successfully ran more than 600,000 miles

December 8, 2021 | Meghan Sapp

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 […]

ADM acquires Serbian soy protein company

November 29, 2021 | Rebecca Coons

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 […]

Green Plains sues ADM over ethanol derivatives contract market

October 31, 2021 | Helena Tavares Kennedy

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 […]

ADM and Gevo sings MOU to produce SAF and other low carbon fuels

October 25, 2021 | Meghan Sapp

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 […]

ADM reaches agreement with BioUrja Group for sale of Peoria ethanol facility

October 24, 2021 | Helena Tavares Kennedy

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 […]

Precision fermentation leader Acies Bio gets investment from ADM for microbial science and tech

October 24, 2021 | Helena Tavares Kennedy

In Slovenia, ADM is making a leading equity investment in Acies Bio, a Slovenia-based biotechnology company specializing in R&D and manufacturing services for developing and scaling synthetic biology and precision fermentation technologies for sustainable food, agriculture and biobased industrial applications. This investment will help ADM more quickly advance projects in the field of precision microbial […]

Blood buildings, mushroom mania, lab-grown coffee, ADM, LG Chem, Ginkgo Bioworks news, and more: The Digest’s Top 8 Innovations for the week of September 24th

September 23, 2021 | Helena Tavares Kennedy

Using astronaut blood to build infrastructure on Mars sounds like part of a sci-fi movie but researchers are working on doing just that thanks to a protein in human blood and an acid in human urine that can bind to Mars dust to create a material strong enough to build infrastructure. In today’s Digest, there’s […]