Archer Daniels Midland Co - ADM STOCK NEWS

ADM (NYSE: ADM) and the University of Illinois have successfully completed the Illinois Basin - Decatur Project (IBDP), a pioneering carbon capture and storage (CCS) initiative. Funded by the U.S. Department of Energy, this project demonstrates the capability of the Mt. Simon Sandstone to store up to one million metric tons of CO2. This achievement aligns with ADM's Strive 35 sustainability goals, aiming for a 25% reduction in greenhouse gas emissions by 2025. Over 3.4 million metric tons of CO2 have been stored across two projects, part of a larger effort to combat climate change.

ADM (NYSE:ADM) has been recognized for the second consecutive year in 3BL Media's 100 Best Corporate Citizens ranking, acknowledging the company's commitment to environmental, social, and governance (ESG) transparency among the top 1,000 U.S. public companies. CEO Juan Luciano highlighted ADM's focus on sustainability and access to nutrition despite challenges. The ranking is based on analysis of 146 ESG factors across eight pillars, researched by ISS ESG. This demonstrates ADM's proactive citizenship and alignment with global sustainability goals.

ADM (NYSE: ADM) announced plans to build North Dakota's first dedicated soybean crushing plant and refinery in Spiritwood, ND. The $350 million facility will process 150,000 bushels of soybeans daily, meeting the increasing demand for renewable diesel and other products. Completion is expected before the 2023 harvest. Alongside this, ADM will invest $25 million to enhance refining and storage in Quincy, Illinois, to align with its crushing capacity. This initiative aims to support local farmers and contribute to climate-friendly agriculture.

ADM (NYSE: ADM) announced the election of new board member Ted Colbert during its 98th Annual Stockholders' Meeting. Colbert, who has served as executive vice president and CEO of Boeing Global Services since October 2019, brings extensive leadership experience and expertise in information technology and data analytics to the board. Additionally, eleven incumbent directors were re-elected, ensuring continuity within the leadership team. ADM continues to focus on providing nutrition worldwide and driving sustainability in its operations.

ADM has declared a cash dividend of 37.0 cents per share, payable on June 9, 2021, to shareholders of record on May 19, 2021. This marks ADM’s 358th consecutive quarterly payment, continuing its impressive record of 89 years of uninterrupted dividend payments. As of March 31, 2021, there are 558,507,476 shares of ADM common stock outstanding, reinforcing the company’s commitment to returning value to shareholders.

ADM (NYSE: ADM) will present at the 16th Annual BMO Capital Markets Farm to Market Conference on May 19. The session starts at 8:40 a.m. Eastern Time and will feature Chairman and CEO Juan Luciano alongside Ag Services & Oilseeds President Greg Morris.

The presentation will be available for live streaming at www.adm.com/webcast, with a replay accessible for a limited time thereafter. ADM is a global leader in nutrition, focusing on sustainable solutions and innovative ingredients for human and animal nutrition.

ADM (NYSE: ADM) reported strong financial results for Q1 2021, showing a year-over-year increase in earnings across all business segments. The company achieved a reported EPS of $1.22 and an adjusted EPS of $1.39, reflecting significant operating profit growth. Ag Services and Oilseeds saw an 84% rise in profits, while Carbohydrate Solutions also reported substantial gains. Chairman and CEO Juan Luciano highlighted the company's strategic focus on productivity and innovation, with an optimistic outlook for continued growth driven by favorable demand trends.

ADM (NYSE: ADM) opened a new plant-based innovation lab in Singapore's Biopolis research hub, aiming to address rising food and beverage demands in the Asia-Pacific region. The facility will focus on developing nutritious products catering to consumer preferences for plant-based nutrition, particularly protein. With a multi-disciplinary team, the lab will enhance product development capabilities, including flavor testing and medium-scale sampling. This initiative aligns with ADM's commitment to innovation and sustainability, reinforcing its market position in the global nutrition landscape.

On April 15, 2021, 8 Rivers Capital and ADM announced plans for a zero emissions Allam-Fetvedt cycle power plant, Broadwing Clean Energy Complex, in Decatur, Illinois, generating 280 MW of clean power. The facility will utilize ADM's carbon capture technology, aiming for a final investment decision in 2022 and operations by 2025. This project represents over half a billion dollars in investment and could create over a thousand jobs, while displacing over 1 million tons of CO2 annually. The initiative emphasizes affordable, sustainable clean energy, aligning with net-zero emissions goals by 2050.