ADM to partner in Missouri biodiesel business

05 April 2011 16:44  [Source: ICIS news]

HOUSTON (ICIS)--Archer Daniels Midland (ADM) plans to form a partnership with Prairie Pride for biodiesel from its Deerfield production facility in Missouri, ADM confirmed on Tuesday. 

The partnership is for the biodiesel portion of the business and includes glycerine output from the biofuel production stream. 

Decatur, Illinois-based ADM will own 100% of the facility, which includes a soybean crushing unit, it said.

Production capacity at the site is 30m gal/year, with 100% soybean oil as the biodiesel feedstock, according to ADM sources.

ADM has an 85m gal/year soy-based biodiesel plant in Velva, North Dakota, that is one of seven US plants known to be in production in the first quarter.

Other operating biodiesel plants include Peter Cremer North America at Cincinnati, Ohio, and Cargill at Iowa Falls, Iowa.

US biodiesel producers began to restart operations during the first quarter in response to the December 2010 reinstatement of a key federal tax credit that had lapsed for almost one year.

Of 176 plants originally listed by the National Biodiesel Board (NBB) as operating in the US, most were shuttered or closed during the lapse of the federal credit.

By: Judith Taylor
+1 713 525 2653

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