15 May 2012 17:35 [Source: ICIS news]
"ADM's ethanol business will be improved through the development and implementation of new enzymes and membrane technology that will improve the yields of ethanol plants," said ADM chief operating officer Juan Luciano at the BMO Capital Markets 2012 Farm to Market Conference.
Illinois-based ADM is a global leader in biofuels production. In the US, ADM has the capacity to produce about 2bn gal/year (7.6bn litres/year) of ethanol. For biodiesel, ADM has the capacity to produce 450m gal/year in the US and the rest of the world.
"ADM is also working on developing more effective ethanol export programmes, particularly to Japan and Brazil," Luciano said.
The ADM executive said ethanol margins should improve in June or July as lower-priced new crop corn comes into the production cost-equation while other efforts to reduce production costs take effect.
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|