Commodity trader forms partnership with energy firm on biofuels
US commodity trader Archer Daniels Midland, which reported advancement in vegetable oils for Q2, ups its engagement in biofuels, forming a joint venture with energy firm Marathon Petroleum.
by DANIEL SKINBJERG, agriwatch, translated by jonas sahl jørgensen
Archer Daniels Midland (ADM), one of the world's largest food processing groups, seeks to increase its engagement in renewable energy through a collaboration with oil and energy provider Marathon Petroleum Corp. aiming to produce soybean oil for biodiesel, reports World-Grain.com.
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