ADM May Restart Idle Dry Mill Plants
Company is taking data-driven approach to determining restart date
Officials from Archer Daniels Midland Co. confirmed on July 30 that two of the company’s dry mill ethanol plants remain idle, reports Ethanol Producer Magazine.
The company is taking a data-driven approach to determining a restart date for those plants, and indicated the strategic review of ADM’s ethanol business in ongoing.
The announcements were made during ADM’s second quarter earnings call.
Despite the COVID-19 pandemic, ADM reported that quarterly performance for its Vantage Corn Processors division was up when compared to the second quarter of 2019.