Archer Daniels Midland Co…. ADM… is already the largest ethanol producer in the U.S. Now, company officials want to become a major player in the international biodiesel market. Reuters quotes a Wall Street Journal report that says ADM plans to partner with Wilmar International to start a biodiesel plant in Indonesia. ADM will also have a biodiesel plant of its own in Brazil before July:
The Brazil plant is expected to be the nation’s largest, the paper said. Worldwide, the company projects a fourfold rise in biodiesel production over the next five years, the paper said.
ADM is playing it close to the vest and has not yet commented.