ADM Statement Regarding Expanded Renewable Fuel Standard
CHICAGO--(BUSINESS WIRE)-- Archer Daniels Midland Company (NYSE: ADM) Chairman and Chief Executive Officer Patricia Woertz issued the following statement regarding the Energy Bill:
“This legislation is an important step towards a stronger, more diverse energy future for our nation and our world. The expansion of the Renewable Fuel Standard recognizes that the promise of tomorrow’s biofuels can only be fully realized by supporting the here-and-now solutions provided by today’s ethanol and biodiesel. ADM is dedicated to continued leadership in the development of renewable biofuels, and is optimistic about the expanded role they will play in improving energy security, strengthening rural economies and helping to improve our environment.”
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