ADM expands oilseed crushing operations
Archer Daniels Midland Company will increase its North American oilseed
crushing capacity through expansions at oilseed crushing plants in the US and
Five soybean crushing plants and two canola crushing plants will be expanded.
The expansions will support ADM's two North American biodiesel facilities in Mexico,
Missouri and North Dakota.
"Expanding our crush capacity will enable us to meet the
increased demands for vegetable oil and oilseed proteins, driven by the world's
growing need for energy and food," stated Scott Fredericksen, President-North
American Oilseed Processing.
Factors driving the increased demand for
oilseed crushing include a growing population which increases the demand for
food worldwide, rising global wealth which is changing protein and oils
consumption, and increasing global energy needs and energy security concerns
that promote biodiesel demand.
The expansions are scheduled to be
completed in mid-2008. Construction on the expansions is dependent on final
engineering and permit approval
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