ADM and Siouxland Ethanol Announce Marketing Agreement
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company and Siouxland Ethanol LLC are pleased to announce the formation of an ethanol marketing agreement. As part of this marketing agreement, ADM will market all ethanol produced by Siouxland Ethanol at its forthcoming 50 million gallon Jackson, Nebraska facility. Construction has begun and the plant is expected to be operational in early 2007. In addition to producing ethanol, the plant will produce an estimated 165,000 tons of distiller grains on an annual basis.
“We recognized early on that the transportation of ethanol would be a key component in making Siouxland Ethanol a successful company,” stated Tom Lynch, President-Siouxland Ethanol. “We are happy to have teamed up with ADM, a world leader in sales of this product.”
“ADM is proud to partner with Siouxland Ethanol to bring their ethanol to market,” stated Martin Lyons, division Senior Vice President-Ethanol Sales & Marketing. “By creating fuel from American crops, ethanol producers help increase demand for the harvest, improve our environment and reduce our nation’s dependence on foreign oil.”
The Siouxland Ethanol plant will be located one and a half miles west of Jackson, Nebraska. The plant, owned by local investors, will produce 50 million gallons of ethanol and consume 18 million bushels of corn on an annual basis as well as create thirty-two new jobs.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing and fermentation technology. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soybean oil and meal, ethanol, corn sweeteners and flour. In addition, ADM produces value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 25,000 employees, more than 250 processing plants and net sales for the fiscal year ended June 30, 2005 of $35.9 billion. Additional information can be found on ADM's Web site at www.adm.com.
ADM Media Relations