February 9, 2006
Archer Daniels
Midland Company (NYSE: ADM) today announced plans to convert
an existing soybean crushing line to provide multi-seed crushing
capacity at its Europoort location. The facility will have an
annual rapeseed crush capacity in excess of one million tonnes.
A soybean crushing line is being converted to rapeseed crushing
to supply the Company’s biodiesel production operations and to
meet the needs of existing food oil customers. The conversion
will also allow flexibility to switch between soybean and
rapeseed crushing, depending upon demand.
“This plant will complement our existing network
of biodiesel and food ingredient businesses throughout Europe,”
stated Mark Zenuk, ADM Vice President and Managing
Director-Europe and Asia. “As global demand for energy grows,
biofuels, like biodiesel, are an important part of the world’s
energy supply. Through this plant, ADM is helping to meet the
growing demand for rapeseed oil, which is used for biodiesel and
food purposes.”
Construction is dependent upon applicable
governmental approvals. The plant is expected to be operational
in January 2007.
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. |