March 6, 2009

ADM still investing in biobased projects

A report from the Decatur, Illinois newspaper Herald & Review said that Archer Daniels Midland (ADM) will delay some of the completion dates for their biobased industrial projects but will still invest $2.6bn in seven major capital projects.

ADM is reportedly proceeding with the construction of its 100,000 ton/year glycerine-based propylene/ethylene glycol plant in Decatur which was previously expected to be finished late last year. The facility is now expected to be completed in the fourth quarter this year.

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