Market News
Recent Developments
New product launches
- In October 2022, The Archer-Daniels-Midland Company, commonly known as ADM, is an American multinational food processing and commodities trading corporation. Archer Daniels Midland announced plans to construct a new beverage-grade alcohol plant in Cedar Rapids, Iowa. The 130 million gallons-per-year facility will produce high-purity alcohol for expanding markets.
- In August 2021,The Green plains is the third largest ethanol fuel producer in North America. It was reported in early 2012 that the company ships approximately one billion gallons of ethanol per year. Green Plains announced the commercialization of Fluid Quip Technologies' MSC protein system, enabling production of corn protein concentrate alongside ethanol. This allows for new high-margin revenue streams.
- In November 2020, The Andersons is a diversified company rooted in agriculture that conducts business in the commodity merchandising, renewables, and plant nutrient sectors.The Andersons launched ANDE Renewable Diesel to produce 6 million gallons of renewable diesel fuel annually from used cooking oil and other waste fats and greases. This strengthens its biofuel portfolio.
Acquisition and partnerships
- In October 2022, Archer Daniels Midland acquired a 75% stake in Marathon Capital to enhance its biofuels offerings and expand its renewable diesel network.
- In December 2021, Valero Energy Corporation is an American-based downstream petroleum company mostly involved in manufacturing and marketing transportation fuels, other petrochemical products, and power. Valero acquired the ethanol plant assets of Diamond Alternative Energy, adding 130 million gallons per year of ethanol production capacity.
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