According to ADM, the move aims to consolidate its soy protein operations into a “more efficient global network.”
This collaboration represents a strategic step in demonstrating how CO2-derived formates can emerge as cost-competitive, next-generation C1 platform chemical.
Revenues also were lower in the period, slipping 5% to US$21.17 billion from US$22.25 billion.
On May 6, ADM’s stock price rose to US$48.32 per share from US$47.50 the previous day.
After exploring many alternatives, we have determined that our Kershaw crushing plant does not align with our future operating needs.