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ADM Plans Iowa Ethanol Plant
NEW YORK - May 10/06 - SNS -- Archer Daniels Midland Company (ADM) plans to build its second ethanol plant in Cedar Rapids, Iowa.
The Company will build a dry corn milling plant with an initial annual capacity of 275 million gallons adjacent to the existing corn processing plant.
This 275 million gallon expansion plus the previously announced 275 million gallon expansion in Columbus, Nebraska is a 550 million gallon capacity expansion for ADM. Construction on the Cedar Rapids expansion, expected to be complete in the second half of 2008, is subject to applicable governmental approvals.
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