ADM Announces Plans to Expand Availability of Sustainable Palm Oil
DECATUR, Ill.--(BUSINESS WIRE)--Archer Daniels Midland Company (NYSE: ADM) today announced its intention to exclusively offer Roundtable on Sustainable Palm Oil (RSPO) certified sustainable palm oil to North American customers beginning in 2015. ADM is also working with Wilmar International Limited to provide fully traceable, sustainable palm oil that meets the RSPO Mass Balance standards.
“ADM and Wilmar share a commitment to environmental stewardship and community preservation. ADM supports Wilmar’s recent, ‘No Deforestation, No Peat, No Exploitation’ policy, which is designed to advance industry transformation to help protect people and the environment,” said Ray Bradbury, vice president of ADM’s North American Oils group. “This enables us to offer customers a palm oil product that is fully traceable and sourced from crops that are responsibly grown and harvested.”
Palm oil is an extraordinarily versatile product employed in a wide range of applications. Refined varieties are used in manufacturing shortenings, cooking oils, margarines, baked goods and a host of other food ingredients and finished products. ADM has palm distribution and processing facilities in Lincoln, Nebraska; Quincy, Illinois; Valdosta, Georgia and New Orleans that currently offer certified sustainable palm oil.
ADM offers the industry’s largest portfolio of food oils, from soybean, canola, cottonseed and sunflower to coconut, palm and palm kernel, as well as custom oil blends. Behind every ADM food oil is a comprehensive global research and development network with state-of-the-art facilities and oil specialists to assist with product development and formulation challenges.
For more information on Wilmar’s ‘No Deforestation, No Peat, No Exploitation’ policy, visit http://www.wilmar-international.com/wp-content/uploads/2012/11/No-Deforestation-No-Peat-No-Exploitation-Policy.pdf.
For more than a century, the people of Archer Daniels Midland Company (NYSE: ADM) have transformed crops into products that serve vital needs. Today, 31,000 ADM employees around the globe convert oilseeds, corn, wheat and cocoa into products for food, animal feed, industrial and energy uses. With more than 270 processing plants, 470 crop procurement facilities, and the world’s premier crop transportation network, ADM helps connect the harvest to the home in more than 140 countries. For more information about ADM and its products, visit www.adm.com.
Archer Daniels Midland Company
Jackie Anderson, 217-424-5413