Cranking Up The Ethanol Production

Chuck Zimmerman

Archer Daniels MidlandYou’ve really got to sit up and take notice when a company like Archer Daniels Midland decides to invest so heavily in a project like the one they announced yesterday. This is a very successful company and they see that the future growth of the ethanol business is a positive one. I say let’s keep turning that corn into ethanol. I’d much rather put that in my car than something imported from another country!!

Archer Daniels Midland Company announced plans to expand ethanol capacity by 500 million gallons through the construction of two new dry corn milling facilities. The facilities will be located adjacent to the Company’s existing ethanol plants. “We are pleased to leverage our extensive experience in the ethanol market to help meet increased demands for ethanol,” stated Edward A. Harjehausen, ADM Senior Vice President. “Ethanol demand is growing rapidly as the world’s energy requirements are being met increasingly from renewable agricultural sources such as corn.” Construction, expected to be complete in early 2008, is dependent on final engineering and permit approval.