ADM plans to market industrial ethanol products by 2003

Archer Daniels Midland Company (ADM), North America's largest ethanol producer, announced this month that it will begin direct marketing of industrial ethanol products for delivery beginning January 1, 2003. The company has supplied industrial ethanol for the past five years through a joint venture with the Dow Chemical Company, formerly Union Carbide Corporation. The companies dissolved a 19-year-old joint venture early this month.

Industrial ethanol is used in the following key markets: pharmaceuticals; coatings, inks and adhesives; personal care; disinfectants and insecticides; detergents and cleaners; chemical intermediates and vinegar.

"The addition of industrial ethanol will complement our existing portfolio of fuel and beverage products," stated Larry Cunningham, senior vice president of corporate affairs. "We are committed to a leadership position in the total ethanol industry and believe a direct presence in all three of these markets is critical in optimizing our business objectives."

The industrial ethanol will be produced at the ADM Peoria, Illinois and Clinton, Iowa corn processing facilities, Cunningham said.