Archer Daniels Midland Company : ADM to Build Biodiesel Plant in Lloydminster, Canada
11/14/2011| 11:05am US/Eastern
Archer Daniels Midland Company (NYSE: ADM) today announced that it will
build a 265 million liter (70 million gallon) biodiesel plant in
Lloydminster, Alberta, Canada, which will increase ADM's North American
biodiesel production capacity by 50 percent. The biodiesel plant will be
located adjacent to the company's existing canola crushing facility in
Lloydminster which will help optimize ADM's agricultural origination,
transportation and processing assets in Canada.
"The same agricultural processing operations we use to transform canola
into oil for food and meal for animal feed also provide ADM with the
ability and scale to efficiently produce cleaner-burning, renewable
biodiesel," said Mike Livergood, ADM vice president, global oleo
chemicals. "This new biodiesel facility will help support canola crush
margins and capacity utilization at this facility."
Biodiesel produced at ADM's facility in Lloydminster will help fulfill
Canada's renewable diesel mandate. Since July 1, 2011, all diesel fuel
and heating oil sold in Canada must contain at least 2 percent biodiesel.
"Biodiesel represents a smart investment for ADM and for Canada," said
J.P. Montalvo, commercial manager at ADM's Lloydminster facility. "A
robust Canadian biodiesel industry diversifies the fuel supply, provides
environmental benefits and fosters increased local demand for canola,
which creates value for rural communities. We look forward to working
with canola producers to help meet Canada's desire for renewable
Construction on the facility will commence in spring 2012, and be
completed in the fourth quarter of calendar year 2013.
In March, ADM announced plans to double the canola seed receiving
capabilities and storage capacity at the Lloydminster facility. The
project, which is expected to be completed by the end of the calendar
year, includes the construction of five new storage bins and a second
receiving system, which is expected to significantly reduce unloading
times for area farmers.
ADM in Canada
In Canada, ADM sources, stores, transports and processes crops such as
wheat, cocoa and oilseeds at a total of 24 facilities operated by more
than 950 men and women. These operations include wheat mills and bakery
mix plants; oilseeds crushing plants and refineries; cocoa processing
facilities; grain elevators; and plants that blend fertilizer and
manufacture animal feed and feed ingredients.
ADM operates two oilseeds processing facilities in Canada. The Windsor,
Ontario, plant crushes soybeans and canola for use in various food
ingredients and animal feeds. The plant is served by two grain elevators
and two grain procurement offices, and a Montreal sales office helps
market its products. In Lloydminster, Alberta, ADM crushes canola and
exports much of the resulting oil to Asia for food applications, and to
Europe for use as a biodiesel feedstock. Canola meal is used principally
for livestock feed. ADM's Lloydminster plant is served by elevators in
Watson and Carberry.
For more than a century, the people of Archer Daniels Midland Company
(NYSE: ADM) have transformed crops into products that serve vital needs.
Today, 30,000 ADM employees around the globe convert oilseeds, corn,
wheat and cocoa into products for food, animal feed, chemical and energy
uses. With more than 265 processing plants, 400 crop procurement
facilities, and the world's premier crop transportation network, ADM
helps connect the harvest to the home in more than 160 countries. For
more information about ADM and its products, visit www.adm.com.
Archer Daniels Midland Company
© Business Wire 2011