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Joint ADM and Purdue University Cellulosic Ethanol Project Selected For Funding By U.S. Department Of Energy

04/16/2007

CHICAGO--(BUSINESS WIRE)-- A joint BioEnergy project of Archer Daniels Midland Company (NYSE: ADM) and Purdue University has been selected to receive funding by the U.S. Department of Energy to further the commercialization of cellulosic ethanol. Specifically, the Purdue-ADM project is focused on commercializing the use of highly-efficient yeast which converts cellulosic materials into ethanol through fermentation.

“As the global leader in BioEnergy, we are able to leverage our biofuel production and agricultural processing expertise to advance the development of cost-efficient processing technologies, including those that will turn cellulosic materials into ethanol and other co-products,” stated Tom Binder, President-ADM Research.

“One of our goals is to reduce the cost of the process and make it applicable for commercial production,” said Nancy Ho, the principal investigator and a researcher in Purdue’s Laboratory of Renewable Resources Engineering (LORRE).

The development of improved fermentation organisms is a crucial step in the commercialization of cellulosic ethanol. In order to be cost-efficient and work in commercial-scale processing, such organisms must be able to produce high concentrations of ethanol from hexose and pentose sugar streams that can be derived from a wide range of plant lignocellulosic material, such as fibers, hulls, straws, soft and hardwoods.

The research team will include scientists from Purdue and from ADM. The joint project will receive federal funding, beginning this fiscal year and ending in fiscal year 2010, subject to Congressional appropriations. The Purdue-ADM project was selected, along with four other projects, by the Department of Energy for federal funding to develop improved fermentation organisms.

About ADM

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 26,000 employees, more than 240 processing plants and net sales for the fiscal year ended June 30, 2006 of $37 billion. Additional information can be found on ADM’s Web site at www.adm.com/.

About Purdue

Purdue University is a coeducational, state-assisted system in Indiana. Founded in 1869 and named after benefactor John Purdue, the university is one of the nation’s leading research institutions with a reputation for excellent and affordable education. Building upon historical strengths in engineering and agriculture, the West Lafayette campus currently offers 7,400 courses in more than 500 undergraduate majors and specializations in the schools/colleges of agriculture, consumer and family sciences, education, engineering, health sciences, liberal arts, management, nursing, pharmacy and pharmacal sciences, science, technology, and veterinary medicine. Programs of graduate study and research leading to advanced degrees fall under the jurisdiction of the Graduate School.

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