ADM Announces Plans to Add Rapeseed Crushing Capacity in The Netherlands
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) today announced plans to convert an existing soybean crushing line to provide multi-seed crushing capacity at its Europoort location. The facility will have an annual rapeseed crush capacity in excess of one million tonnes. A soybean crushing line is being converted to rapeseed crushing to supply the Company’s biodiesel production operations and to meet the needs of existing food oil customers. The conversion will also allow flexibility to switch between soybean and rapeseed crushing, depending upon demand.
“This plant will complement our existing network of biodiesel and food ingredient businesses throughout Europe,” stated Mark Zenuk, ADM Vice President and Managing Director-Europe and Asia. “As global demand for energy grows, biofuels, like biodiesel, are an important part of the world’s energy supply. Through this plant, ADM is helping to meet the growing demand for rapeseed oil, which is used for biodiesel and food purposes.”
Construction is dependent upon applicable governmental approvals. The plant is expected to be operational in January 2007.
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