ADM initiates biodiesel feasibility study. (News Briefs).Archer Daniels Midland announced today that it is initiating a U.S. biodiesel feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. in conjunction with recent legislation passed in Minnesota to encourage biodiesel production. This study should be completed within six months and will determine the economic viability of processing soybean oil into a fuel that can be blended with petroleum derived diesel fuel to extend diesel supplies and improve fuel emissions. This study will be centered around the Mankato area where ADM has a soybean crushing and vegetable oil refining facility. "As a leading biodiesel producer in the European Union with two facilities in Germany, ADM has already shown a strong commitment to this industry. We are strengthening that commitment domestically with the initiation of the biodiesel feasibility study," stated Paul Mulhollem, President of ADM. For more information please contact Larry Cunningham, Senior Vice President Corporate Affairs of Archer Daniels Midland Company, 217-424-5413; http://www.admworld.com. |
|
||||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion