ADM gets into biodiesel in Brazil

While biofuels are nothing new in Brazil, ethanol is the name of the game there. Biodiesel is coming onto the scene, though, helped by Brazil's biodiesel law that goes into effect in 2008 and will require all diesel sold there to be B2 (B5 by 2013). Archer Daniels Midland announced yesterday that they would build a biodiesel production facility with an annual capacity of 180,000 metric tons in Rondonopolis, Mato Grosso, Brazil. The plant will open in early 2007 and will use soybean oil as feedstock. ADM has a soybean crushing plant in Rondonopolis and the biodiesel facility will be built next door.
[Source: Archer Daniels Midland Company]