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ADM Building Brazilian Biodiesel Plant
NEW YORK - Jul 28/06 - SNS -- Archer Daniels Midland Company plans to build a biodiesel production facility in Rondonopolis, Mato Grosso, Brazil with an annual capacity of 180,000 metric tons (MT).
The plant will use soybean oil as its feedstock and is competitively positioned to meet the large anticipated demand from soybean producing farmers as well as from the Brazilian road and rail transport industries.
This biodiesel plant will be operational in the first half of 2007, ahead of the anticipated increase in demand due to the mandate that all diesel fuel sold in Brazil include 2% biodiesel beginning in 2008, and 5% biodiesel beginning in 2013.
Biodiesel is a vegetable oil-based fuel made from renewable crops that burns cleaner than traditional petroleum-based diesel fuel. Biodiesel works in diesel engines, improves air quality by reducing greenhouse gas emissions and is a growing fuel source for the world.
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