(Reuters) — Archer Daniels Midland is conducting a strategic review of its dry mill ethanol plants looking for partnerships or sale of assets.
ADM, the largest U.S. ethanol producer, wants to shift its focus to developing new food ingredients as domestic demand for ethanol is forecast to remain flat over the next decade.
Dry plants produce only ethanol and dried distillers grain whereas ADM’s five wet mills can produce several products, including higher margin corn syrup.
