14 November 2011 21:30 [Source: ICIS news]
HOUSTON (ICIS)--Archer Daniels Midland announced on Monday that it will build a 265m litre/year (70m gal) biodiesel plant in Lloydminster, Alberta, Canada, which will increase its North American biodiesel production capacity by 50%.
Details of the cost were not disclosed, but construction on the facility will commence in spring 2012, and be completed in the fourth quarter of calendar year 2013.
ADM added that the biodiesel plant will be located adjacent to the company’s existing canola crushing facility in Lloydminster, which will help optimise ADM’s agricultural origination, transportation and processing assets in Canada.
“The same agricultural processing operations we use to transform canola into oil for food and meal for animal feed also provide ADM with the ability and scale to efficiently produce cleaner-burning, renewable biodiesel,” said Mike Livergood, ADM vice president, global oleo chemicals.
Biodiesel produced at ADM’s facility in Lloydminster will also help fulfil Canada’s renewable diesel mandate. Since July 1, all diesel fuel and heating oil sold in Canada must contain at least 2 percent biodiesel.
($1 = €0.72)
For more on biodiesel visit ICIS chemical intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections