ADM biodiesel on the up
US-based agribusiness and biofuels producer Archer Daniels Midland has seen oilseed and biodiesel sales rise this quarter.
Refining, packaging, biodiesel and other results increased $58 million (€43.6 million) to $79 million for the quarter.
The recently expanded biodiesel production capacity at Rondonopolis, Brazil, allowed ADM to capture good margins and volumes amidst strong demand.
Profit in ADM's oilseeds processing segment increased $132 million for the quarter and $120 million for the 12 months.
Refining, packaging, biodiesel and other results increased $58 million (€43.6 million) to $79 million for the quarter.
The recently expanded biodiesel production capacity at Rondonopolis, Brazil, allowed ADM to capture good margins and volumes amidst strong demand.
Profit in ADM's oilseeds processing segment increased $132 million for the quarter and $120 million for the 12 months.
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