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Thursday February 15, 4:57 PMADM to open Brazil, Indonesia biodiesel plants-WSJNEW YORK, Feb 15 (Reuters) - Archer Daniels Midland Co. , the largest U.S. ethanol producer, is planning to open a biodiesel plant in Indonesia with Wilmar International Ltd. this year and a wholly owned biodiesel plant in Brazil before July, the Wall Street Journal reported on Thursday.Biodiesel is a renewable fuel for diesel engines made from natural oils like soybean or palm oils. By contrast, ethanol is used for motors that run on gasoline. The Brazil plant is expected to be the nation's largest, the paper said. Worldwide, the company projects a fourfold rise in biodiesel production over the next five years, the paper said. ADM was not immediately available to comment. |
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