ADM Opens Biodiesel Production Facility In Velva, Nd
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) today officially opened its first wholly owned biodiesel production facility in the United States with a ceremonial ribbon cutting. The 85 million-gallon facility is located adjacent to ADM’s existing canola seed crushing facility, and uses canola oil as its primary feedstock.
“As global demand for energy grows, renewable fuels from crops play an increasingly important role in the world’s energy supply,” said John Rice, executive vice president, Commercial and Production. “The opening of this biodiesel facility is the next step on a journey that will strengthen rural economies, reduce overall pollution and improve the energy security of our nation and our world.”
Construction on the Velva biodiesel facility began in April 2006.
In Europe, ADM is a leader in the biodiesel market, and in the United States, ADM is a leader in the ethanol market. Biodiesel is a vegetable oil-based fuel that burns cleaner than traditional petroleum-based diesel fuel. Biodiesel works in diesel engines, improves air quality by reducing greenhouse gas emissions and is a growing fuel source for the world.
ADM is also a partner in Mid-America Biofuels, LLC, which opened a biodiesel production plant in Mexico, Mo., in October 2006. In Europe, ADM operates the world’s largest biodiesel plant in Hamburg, Germany.
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a premier position in the agricultural processing value chain. ADM is one of the world’s largest processors of soybeans, corn, wheat and cocoa. ADM is a leading manufacturer of biodiesel, ethanol, soybean oil and meal, corn sweeteners, flour and other value-added food and feed ingredients. Headquartered in Decatur, Illinois, ADM has over 27,000 employees, more than 240 processing plants and net sales for the fiscal year ended June 30, 2007 of $44 billion. Additional information can be found on ADM’s Web site at www.adm.com.
ADM Media Relations