ADM Announces New Power Plant For Columbus, Nebraska
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) today announced that it would build a coal-fired co-generation (Co-Gen) plant in Columbus, Nebraska to help power its corn milling and ethanol operations in Columbus. The Co-Gen plant will be permitted to burn a blend of fuels, including high and low sulfur coals, tire derived fuel and biomass to produce process steam and electric energy.
The addition of this Co-Gen plant will help lower ADM’s overall energy costs and lessen its vulnerability to energy market price fluctuations. Cogeneration reduces the amount of fuel burned per unit of energy output, and reduces the corresponding emissions of pollutants and greenhouse gases. ADM currently operates similar Co-Gen facilities in Decatur, Illinois; Cedar Rapids, Iowa and has another under construction in Clinton, Iowa.
Construction is dependent upon applicable governmental approvals.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soy meal and oil, 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