The Car and Truck Fleet and Leasing Management Magazine

ADM to Acquire Mo. Biodiesel Plant

April 05, 2011

DECATUR, IL - Archer Daniels Midland Co. said it plans to acquire a soybean crushing and biodiesel facility in Deerfield, Mo., from Prairie Pride Inc. ADM will also form a partnership with Prairie Pride for the biodiesel portion of the business.

"The acquisition of Prairie Pride's soybean facility and partnership for the biodiesel business were attractive to us because they are aligned with our growth strategy and fit well within our integrated business model," said Matthew J. Jansen, president of Global Oilseeds.

Prairie Pride is a producer cooperative formed to convert soybeans into biodiesel fuel and soy meal. The facility began producing biodiesel in late 2007.

ADM, a major agricultural processor, converts corn, oilseeds, wheat and cocoa into products for fuel, food, animal feed and chemicals.

Twitter Facebook Google+

Comments

Please note that comments may be moderated. 
Leave this field empty:
 
 

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

FleetFAQ

Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All

 

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All

 

Sponsored by

Heydon W. Hubler was executive vice president of Hubler Rentals (Allentown, Pa.) in 1974 when he received the annual Bobit Award for outstanding achievement.

Read more

Alternative Fuel Locator

Use the Alternative Fuel Locator to find stations near you.

Launch Alternative Fuel Locator

Up Next

More From The World's Largest Fleet Publisher