Volkswagen AG and Archer Daniels Midland have formed a research venture to develop and use biodiesel fuels for the auto industry.Volkswagen AG Volkswagen AG (VW) Major German automobile manufacturer. It was founded in 1937 to mass-produce a low-priced “people's car” (Volkswagen). After World War II the company was rebuilt with Allied help, and within a decade it was producing half of West Germany's and 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 have formed a research venture to develop and use biodiesel fuels for the auto industry. Biodiesel, which can power conventional diesel engines, substantially reduces emissions of carbon monoxide carbon monoxide, chemical compound, CO, a colorless, odorless, tasteless, extremely poisonous gas that is less dense than air under ordinary conditions. It is very slightly soluble in water and burns in air with a characteristic blue flame, producing carbon dioxide; and particulate matter particulate matter n. Abbr. PM Material suspended in the air in the form of minute solid particles or liquid droplets, especially when considered as an atmospheric pollutant. Noun 1. , the companies said in a statement. The pact is the first between one of the world's leading automakers and a global agribusiness company to develop next-generation clean renewable fuels, they said. "This agreement represents Volkswagen's commitment to introducing clean-burning and renewable fuels into the automotive industry," said Bernd Pischetsrieder, chairman of the board of management of Volkswagen AG. |
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