ADM Continues to Meet Food Security, Sustainability Needs with Brazil Crush Expansion, Refined Glycerin Acquisition

Rhea-AI Summary

ADM (NYSE:ADM) is expanding its business in Brazil with a series of investments, including the addition of 400,000 metric tons of crush capacity per year across three facilities and the successful acquisition of Buckminster Química to meet growing demand for sustainably sourced products.

Addition of 400,000 metric tons of crush capacity per year across three facilities to meet strong domestic and export demand

Successful acquisition of Buckminster Química to further enhance ability to meet growing demand for sustainably sourced products

CHICAGO--(BUSINESS WIRE)-- ADM (NYSE:ADM), a global leader in sustainably sourced solutions from nature, is making a series of investments to continue to expand its broad-based business in Brazil.

Crush Expansion

ADM is investing to expand crush capacity at three oilseed processing facilities:

• Campo Grande (Mato Grosso do Sul)
• Porto Franco (Maranhão)
• Uberlandia (Minas Gerais)

In total, the investments are expected to add approximately 400,000 metric tons per year to ADM’s crush capacity in Brazil.

“We’re continuing to see growing demand in both domestic and export markets in Brazil,” said Luciano Botelho, president of ADM’s South American oilseeds business. “Our facilities are perfectly located to meet this demand, and we’re investing to ensure we continue to be on the leading edge of growth in Brazil.”

Acquisition of Buckminster Química

ADM has completed the acquisition of a controlling stake in Buckminster Química, a Macatuba, São Paulo-based producer of refined glycerin.

“Sustainability is one of the enduring global demand trends driving growth opportunities for ADM,” said Luiz Noto, ADM’s director of Oils and Biodiesel in Brazil. “Bio-based refined glycerin has a broad array of uses as a component of industrial and consumer products. Adding Buckminster Química – which has already been a partner for our Brazilian business – is another way in which we’re broadening our portfolio and expanding our capabilities to meet growing customer needs for sustainably-sourced products spanning food, feed, fuel, industrial and consumer products.”

Buckminster Química was founded in 1999, and was privately owned, with about 65 employees. It has a single manufacturing facility whose primary product is bi-distilled vegetable glycerin.

About ADM

ADM unlocks the power of nature to enrich the quality of life. We’re a premier global human and animal nutrition company, delivering solutions today with an eye to the future. We’re blazing new trails in health and well-being as our scientists develop groundbreaking products to support healthier living. We’re a cutting-edge innovator leading the way to a new future of plant-based consumer and industrial solutions to replace petroleum-based products. We’re an unmatched agricultural supply chain manager and processor, providing food security by connecting local needs with global capabilities. And we’re a leader in sustainability, scaling across entire value chains to help decarbonize our industry and safeguard our planet. From the seed of the idea to the outcome of the solution, we give customers an edge in solving the nutritional and sustainability challenges of today and tomorrow. Learn more at www.adm.com.

Source: ADM
Source: Corporate Release

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205172853/en/

ADM Media Relations

Jackie Anderson

media@adm.com

312-634-8484

Source: ADM

FAQ

What is ADM's (NYSE:ADM) plan for expansion in Brazil?

ADM is investing to expand crush capacity at three oilseed processing facilities in Brazil to add approximately 400,000 metric tons per year.

Who is the president of ADM's South American oilseeds business?

Luciano Botelho is the president of ADM's South American oilseeds business.

What did ADM (NYSE:ADM) acquire to enhance its ability to meet growing demand for sustainably sourced products?

ADM completed the acquisition of a controlling stake in Buckminster Química, a producer of refined glycerin based in Macatuba, São Paulo.

What are the uses of bio-based refined glycerin acquired by ADM (NYSE:ADM)?

Bio-based refined glycerin has a broad array of uses as a component of industrial and consumer products, spanning food, feed, fuel, industrial, and consumer products.