ADM PLANS TO BUILD FIRST BIODIESEL PLANT IN BRAZIL.Archer Daniels Midland The Archer Daniels Midland Company (NYSE: ADM), is a conglomeration based in Decatur, Illinois. ADMoperates more than 270 plants worldwide, where cereal grains and oilseeds are processed into numerous products used in food, beverage, nutraceutical, industrial and animal feed Company (NYSE NYSE See: New York Stock Exchange :ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. ), has announced plans to build a biodiesel production Biodiesel production is the process of synthesizing biodiesel. Biodiesel is a liquid fuel source largely compatible with petroleum based diesel fuel. The most common method for its manufacture is synthesis by reacting a glyceride-containing plant oil with a short chain alcohol such facility in Rondonopolis, Mato Grosso Mato Grosso (mä`t  grô`s) [Port.,=thick forest], state (1996 pop. ,
Brazil with an annual capacity of 180,000 metric tons. The plant will
use soybean oil as its feedstock and is competitively positioned to meet
the large anticipated demand from soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been producing farmers as well as
from the Brazilian road and rail transport industries. Additionally, it
will be strategically located adjacent to ADM's existing soybean
crushing plant in Rondonopolis to maximize synergies between ADM's
Brazilian origination, transportation and processing capabilities.
"ADM is a leader in the production of biodiesel in Europe, and we are pleased to use that extensive experience to help meet the demand for this biofuel bi·o·fuel n. Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes. bi in Brazil," stated Matthew Jansen, president-South American Operations. "As a world leader in soy processing and biofuel production, our participation in the Brazilian biodiesel market is a complementary fit for our business." This biodiesel plant will be operational in the first half of 2007, ahead of the anticipated increase in demand due to the mandate that all diesel fuel sold in Brazil include 2% biodiesel beginning in 2008, and 5% biodiesel beginning in 2013. "The Government of the State of Mato Grosso recognizes the importance of renewable fuels, and we are pleased that ADM, a world leader in bio-based fuels, has chosen our state to build its first Brazilian biodiesel plant," stated Blairo Maggi, Governor-Mato Grosso. "This plant will contribute significantly towards reducing agricultural production costs, as well as having a very positive economic and environmental impact on the citizens of Mato Grosso and all of Brazil." Biodiesel is a vegetable oil-based fuel made from renewable crops 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. Construction on the plant is dependent on final engineering and permit approval. Archer Daniels Midland company (ADM) is a world leader in agricultural processing and fermentation technology. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in the production of soybean oil and meal, 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 Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for the fiscal year ended June 30, 2005 of $35.9 billion. Additional information can be found on ADM's Web site at http://www.admworld.com or call 217/424-5413. |
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