Archer Daniels Midland Company (ADM) has outlined its strategy to be the
global leader in BioEnergy while expanding its premier position in the
agricultural processing value chain.
"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
Expansion in biofuels
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.
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