- ADM News
Wolf Carbon Solutions, ADM Announce Partnership to Advance Decarbonization of Ethanol Production
Wolf Carbon Solutions US LLC and ADM, a global leader in nutrition and agricultural origination and processing, today announced that they have signed a Letter of Intent paving the pathway toward further decarbonization of ADM’s footprint via construction of a pipeline – developed, owned and operated by Wolf Carbon Solutions – which, together with a commercial agreement, will allow for the capture, compression and transportation of carbon dioxide produced at ADM’s Clinton and Cedar Rapids, Iowa, facilities.
ADM Continues Growth in High-Value Flavor Segment with Acquisition of Flavor Infusion International
ADM announced that it has acquired Flavor Infusion International, S.A. (FISA), a full-range provider of flavor and specialty ingredient solutions for customers across Latin America and the Caribbean.
“We’re excited to open up new growth opportunities in Latin America and the Caribbean with the addition of FISA,” said Vince Macciocchi, president of ADM’s Nutrition business. “Our Nutrition segment has been delivering profit growth of 15 to 20 percent a year, and our flavors business has been an important driver of that success, with annual sales growth of more than 10%. This acquisition represents another important bolt-on addition as we expand our capabilities in this high-value segment.”
ADM Sets Scope 3 Emissions Reduction Target
ADM has announced a new commitment to reduce the company’s Scope 3 greenhouse gas emissions by 25% by 2035 against a 2019 baseline. Scope 3 refers to emissions associated with the company’s supply chain, such as from purchased goods, upstream transportation, and the processing of sold products.
The target builds on ADM’s ambitious Strive35 sustainability goals to reduce absolute greenhouse gas emissions by 25%, energy intensity by 15%, water intensity by 10%, and achieve a 90% landfill diversion rate by 2035.