ADM Selects Columbus, Nebraska As First Location For Ethanol Expansion
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) today announced that it has selected Columbus, Nebraska as the first location for its ethanol capacity expansion. The Company will build a dry corn milling plant with an initial annual capacity of 275 million gallons adjacent to the existing ethanol plant in Columbus.
“Ethanol and other biofuels are an increasingly important part of the world’s energy supply, especially as the world’s energy needs continue to grow,” stated Edward A. Harjehausen, ADM Senior Vice President-Corn Milling and BioProducts. “ADM is well-positioned to meet the nation’s growing demand for ethanol, a renewable and cleaner-burning biofuel that helps reduce pollution and toxins.”
In September, ADM previously announced that it planned to expand ethanol capacity by 500 million gallons through the addition of two dry milling plants at existing ADM ethanol facilities.
Construction, expected to be complete in early 2008, is subject to 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