US ADM set to grow Brazil business by expanding oilseed crush capacity
HOUSTON (ICIS)–US agribusiness titan Archer Daniels Midland (ADM) said that as part of a series of investments it will continue to grow its business in Brazil as it is set to expand crush capacity at three oilseed processing facilities.
Those facilities are Campo Grande in Mato Grosso do Sul, Porto Franco in Maranhao and Uberlandia in Minas Gerais.
In total, the investments are expected to add approximately 400,000 metric tons per year to ADM’s crush capacity in Brazil.
“We’re continuing to see growing demand in both domestic and export markets in Brazil. Our facilities are perfectly located to meet this demand, and we’re investing to ensure we continue to be on the leading edge of growth in Brazil,” said Luciano Botelho, ADM South American oilseeds business president.
In addition, the company said it has completed the acquisition of a controlling stake in Buckminster Química a Macatuba, a Sao Paulo-based producer of refined glycerin.
“Sustainability is one of the enduring global demand trends driving growth opportunities for ADM,” said Luiz Noto, ADM director of Oils and Biodiesel in Brazil.
“Bio-based refined glycerin has a broad array of uses as a component of industrial and consumer products. Adding Buckminster Química, which has already been a partner for our Brazilian business, is another way in which we’re broadening our portfolio and expanding our capabilities to meet growing customer needs for sustainably sourced products spanning food, feed, fuel, industrial and consumer products.”
Buckminster Química was founded in 1999, and was privately owned, with about 65 employees. It has a single manufacturing facility whose primary product is bi-distilled vegetable glycerin.
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