ADM Announces Plans to Build Biodiesel Production Facility in Germany
DECATUR, Ill., Oct. 4 /PRNewswire-FirstCall/ -- Archer Daniels Midland Company (ADM) (NYSE:ADM) announced today plans to build a biodiesel production facility in Mainz, Germany. The 275,000 metric tons per year facility will be the Company's third plant in Germany.
"ADM is a world leader in renewable fuels and a leader within the European biodiesel market," stated Peter Reimers, ADM General Manager-European Oleo Chemicals. "We are pleased to use our extensive experience producing high quality biodiesel to meet increased demand through the new facility in Mainz, Germany."
Biodiesel is a vegetable oil-based fuel that burns cleaner than traditional petroleum-based diesel fuel. Biodiesel improves air quality by reducing greenhouse gas emissions from diesel engines and is an important fuel source for Europe. Use of biodiesel helps extend oil reserves, creates new markets for farmers and makes for a better environment.
ADM is the largest biodiesel producer in Germany and one of the leading producers in Europe. Within Germany, ADM has one biodiesel facility in Hamburg and one in Leer. The Hamburg facility has recently announced a capacity expansion.
Construction, scheduled to be complete in a little over a year, 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. Additional information can be found on ADM's Web site at www.admworld.com/ .
CONTACT: Brian Peterson, Senior Vice President-Corporate Affairs of
Archer Daniels Midland Company, +1-217-424-5413
