ADM expands in soy and rapeseed
ADM said that the Company’s current customer base has created additional demand, which requires the conversion of some soy capacity to rapeseed capacity.
03/03/05 ADM is set to expand its softseed-crushing capacity at Oelmühle Hamburg AG. ADM said that the Company’s current customer base has created additional demand, which requires the conversion of some soy capacity to rapeseed capacity. This expansion will enable ADM to service both rapeseed and soy product customers while continuing to meet the growing need in biodiesel.
Last year, ADM announced its intention to double the capacity of its biodiesel production plant at Oelmühle Hamburg AG, which is expected to be operational in 2005. The European Union previously announced its intention to expand market share for renewable biofuels based on the total petrol and diesel consumption for transport purposes by 2010.
