For the development of renewable products, ADM plans to build North Dakotas first-ever dedicated soybean crushing plant and refinery. The company will invest approximately $350 million for state-of-the-art crush and refining complex.
- The expansion will help to meet fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.
The new facility features automation technology and have the capacity to process 150,000 bushels of soybeans per day.
- The facility is expected to be complete prior to the 2023 harvest.
ADM also plans to invest approximately $25 million to expand refining and storage capacity at its crush and refining facility in Quincy, Illinois.
In Oct 2020, The leading plant-based polymers producer ADM announced partnership with Spiber Inc. to expand the production of Spibers innovative Brewed Protein polymers for use in apparel and other consumer products.
In May 2020, The worlds leading beef producer Marfrig with Archer Daniels Midland (ADM) announced to form a joint venture PlantPlus Foods. The JV helps to sale of plant-based food products across South American and North American markets.
In January 2020, ADM announced that it has completed the acquisition of Yerbalatina Phytoactives, a pioneering natural plant-based extracts and ingredients manufacturer. Based in Brazil, Yerbalatina uses proprietary cool-drying technology to transform fruits, vegetables and other plants such as acerola, acai, guarana and green coffee into a wide variety of extracts and ingredients for customers in the food, beverage and health industries.
Archer Daniels Midland is a leading food processing company, headquartered in Chicago, USA. ADM is one of the worlds largest agricultural processors and food ingredient providers, with approximately 32,000 employees serving customers in more than 170 countries.
ADM has 450 crop procurement locations, 270 food and feed ingredient manufacturing facilities and the worlds premier crop transportation network, it connect harvest to the home, making products for food, animal feed, industrial and energy uses.