Archer Daniels Midland Company has announced that the company will construct a biodiesel facility of 265 million L capacity in Lloydminster, Canada. The company is planning to start the plant’s construction in spring 2012 and complete it by the fourth quarter of 2013.
The biodiesel production capacity of ADM is likely to increase by 50% once the new plant is functional. The new biodiesel facility will be located in such a way that it is nearby the existing canola crushing plant in Lloydminster, which will optimize ADM’s transportation and processing assets as well as agricultural origination in Canada.
Mike Livergood, Vice President of ADM, global oleo chemicals, said that the company employs the same process for biodesel production as the one used in agricultural operations for conversion of canola into oil used in food for animals. ADM’s new biodiesel plant will help meet the surge in biodiesel requirement caused by the new mandate which urged that all heating oil and diesel fuel traded in Canada must have a minimum of 2% biodiesel in it since July 1, 2011.
J.P. Montalvo, commercial manager of ADM’s plant in Lloydminster, told that a strong Canadian biodiesel market increases demand for canola, which benefits rural communities. Montalvo added that the company anticipates working with canola producers to support Canada’s requirement for biodiesel.
The company had announced in March this year its plans to double the storage capacity and capability to receive canola seeds in its Lloydminster plant. The company has also plans to construct a second receiving system and five more storage bins within the plant, which would significantly help the local farmers to reduce unloading times.
Source: http://www.adm.com/