Nov 15, 2011 - Archer Daniels Midland Company (NYSE:ADM), or ADM, yesterday unveiled plans to build a biodiesel manufacturing facility with a capacity of 265 million litres (70 million gallons) in the Canadian province of Alberta.
The facility will be located next to the US agribusiness' existing canola crushing plant in Lloydminster and will boost the group's biodiesel production capacity in North America by 50%.
ADM vice president, global oleo chemicals, Mike Livergood said the planned biodiesel plant would aid canola crush margins and capacity utilisation at the existing facility.
The group also said that the biodiesel made in Lloydminster would help Canada meet its mandate for renewable diesel. There is a requirement, effective since July this year, for all diesel fuel and heating oil marketed in the country to contain minimum 2% biodiesel.
Construction of the plant will start in the spring and is scheduled to be completed in the final quarter of 2013.