February 10, 2011
DECATUR, Ill.ADM announced plans to invest in sustainable palm production in Brazil. The investment will encompass approximately 12,000 hectares of palm production in the state of Pará and will include construction of a palm processing plant. Construction of the processing plant is expected to begin in 2013, with operations commencing in 2016.
Our strategy for profitable growth is to expand the size and global reach of our origination and processing assets," said ADM Chairman, CEO and President Patricia Woertz. This investment adds a new crop to our value chain in Brazil and diversifies our feedstock options for biodiesel production there, while at the same time supporting our commitment to sustainability in terms of both agricultural production and the livelihoods of farm families in Brazil."
ADMs sustainable palm and biodiesel production will also be part of Brazils Social Fuel Stamp program that provides incentives for biodiesel producers to purchase feedstock from small family farms. As part of this program, ADM will contract with approximately 600 family farms for 6,000 hectares of palm production and provide them with technical assistance focused on sustainable agricultural practices.
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