ADM Plans to Expand Ethanol Capacity by 500 Million Gallons
Thursday September 22, 9:24 am ET
DECATUR, Ill., Sept. 22 /PRNewswire-FirstCall/ -- Archer Daniels Midland Company announced today plans to expand ethanol capacity by 500 million gallons through the construction of two new dry corn milling facilities. The facilities will be located adjacent to the Company's existing ethanol plants.
"We are pleased to leverage our extensive experience in the ethanol market to help meet increased demands for ethanol," stated Edward A. Harjehausen, ADM Senior Vice President. "Ethanol demand is growing rapidly as the world's energy requirements are being met increasingly from renewable agricultural sources such as corn."
Construction, expected to be complete in early 2008, is dependent on final engineering and permit approval.
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.
Archer Daniels Midland Company
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