"ADM is uniquely positioned at the intersection of the world’s increasing demands for both food and fuel," said Patricia Woertz, ADM CEO and President. We have identified three strategic areas that offer the highest potential for significant, value-added growth: expansion of the geographic scope of our core model, diversification of our feedstocks and growth of the BioEnergy business. Technology and innovation are key to driving growth in these areas," stated Woertz.

Expansion in biofuels
Woertz also announced that the company is considering expansion of its origination presence in palm in Indonesia, sugar in Brazil and other carbohydrates around the world for the production of biofuels.

ADM reaffirmed its commitment to the future of ethanol and to investment in research and development surrounding feedstocks like biomass crops. Already announced BioEnergy plans include expansion of biodiesel production capacity in the United States, Brazil and Germany, as well as an increase of 50% in US ethanol production capacity.