Golden Peanut and Tree Nuts Invests to Expand Peanut Oil Production
04 Aug 2015 --- Golden Peanut and Tree Nuts, a subsidiary of Archer Daniels Midland Company, have announced that it will invest to significantly expand the capacity of its peanut oil processing facility in Dawson, Georgia.
“The peanut—and peanut oil—business in the U.S. is poised for growth, and we’re investing to meet our customers’ needs,” said Greg Mills, president, Golden Peanut and Tree Nuts. “Consumers today are looking for cleaner labels, and peanut oil is non-GMO, non-trans fat, and—when highly refined—allergen-exempt. The U.S. is currently a net importer of peanut oil, and with the increase we’re seeing in domestic demand as well as the current strong outlook for the U.S. peanut crop, Golden is ready to meet customer needs with domestic production.”
The project is targeted for completion in Q2 of 2016.
