U.S. Ethanol Giant Expanding into International Biodiesel Market

John Davis

ADM logo 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.