ADM says long-term goal is non-food biofuels

The long-term goal for the biofuels industry will be to use non-food sources for raw materials rather than grains, but to reach that goal industry must build on and not abandon current technology, biofuels giant Archer Daniels Midland (ADM) said. “My belief is agriculture can contribute to both – both higher food production and these other elements of the food chain that contribute to other ingredients in our daily life including fuels,” ADM Chairman and Chief Executive Officer Patricia Woertz said. ADM has five U.S. ethanol plants with another two planned that will raise its total production capacity to 1.65 billion gallons a year. (October 15, 2009)