Chemical firm LG Chem and agribusiness ADM recently signed a memorandum of understanding (MoU) that paves the way for forming a new joint venture that will construct and operate a commercial-scale corn-based lactic acid production facility in the United States in early 2022.
ADM partners with Gevo to produce jet fuel from ethanol [Full subscriber]
Agribusiness ADM and the biotech start-up Gevo recently signed a memorandum of understanding (MoU) to support the production of sustainable aviation fuel (SAF) and other low-carbon fuels.
ADM and P2 Science partner to develop ingredients for personal care and flavours & fragrances [Full subscriber]
The agribusiness giant ADM and the renewable chemistry company P2 Science recently signed a Memorandum of Understanding (MOU) that intends to build on both companies’ expertise in the field of chemistry and renewable materials derived from plants. Specifically, the companies will work together in the development of commercial opportunities for plant-based monomers, polymers and ingredients for personal care and flavours & fragrances.
ADM to acquire French sweetener and starch company [Registered]
Archer Daniels Midland (ADM) recently announced that it has been granted exclusivity to purchase the French firm Chamtor which manufactures sweeteners and starches based on wheat.
European Union – ADM acquires Eaststarch in preparation for end of sugar production quotas [Registered]
Under the terms of the agreement, ADM will take full ownership of corn wet mills in Bulgaria and Turkey, and will own a 50% stake in a wet mill in Hungary. Tate & Lyle will receive a cash consideration of EUR240 mln, subject to customary closing adjustments, including for net cash and working capital, and take full ownership of the Eaststarch facility in Slovakia.
Monthly Snapshot
Raw sugar for March delivery settled at 19.82 cents/pound on January 18 after reaching a two-and-a-half-week high earlier in the session at 20.25 cents. The white sugar contract expiring in […]
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