ADM announces Brazil plant, net earnings drop

Biodiesel Magazine
November 2010
By Bryan Sims
Posted Nov. 3, 2010

Decatur, Ill.-based agribusiness firm Archer Daniels Midland Co. plans to build a 164,000 metric ton (49.2 MMgy) biodiesel facility in Joacaba, Santa Catarina, Brazil. Construction on the plant is slated to begin in March 2011 with completion during the first half of 2012.

The Joacaba biodiesel plant will be constructed adjacent to an ADM soybean crushing facility and a vegetable oil refinery. Acquired from Sadia in 1998, these operations currently process nearly 475,000 metric tons of soybeans and are capable of refining approximately 73,000 metric tons of soybean oil annually. Once operational, the biodiesel production facility is expected to increase oil refining capacity to approximately 110,000 metric tons per year. In addition, the facility will be the first in the state of Santa Catarina, which boasts an ample supply of soybeans produced mainly by small family farms.

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