ADM to acquire rapeseed processing and biodiesel company in Poland
14 August 2011
Archer Daniels Midland Company (ADM) signed an agreement to purchase a majority share of Elstar Oils S.A. A Warsaw-listed company, Elstar is a leading Polish manufacturer of quality refined vegetable oils and fats for the food industry, and biodiesel for the energy market. The purchase is subject to approval by relevant antitrust authorities.
Elstar, located in northern Poland, operates a rapeseed crushing, refining, solid-fat packaging and oil bottling facility in Czernin and a fully-automated biodiesel facility in Malbork.
Poland is an important origination and consumer market for ADM. Elstar’s location in the heart of a rapeseed growing region, with easy access to the ports of Gdansk and Gdynia, complements our existing presence in the region and will enable ADM to further strengthen its position in Eastern Europe. The biodiesel plant will enable ADM to develop the biodiesel market in Poland and fits well within the company’s integrated business model.
—Brent Fenton, president, ADM Europe
ADM’s operations in Poland include an oilseeds crushing and refining facility in Szamotuly that refines and bottles retail vegetable oils, and country elevators in Slawa Wielkopolska and Chroscina. ADM has a joint venture company, BTZ, consisting of an import and export terminal in the port of Gdynia and recently announced plans to jointly construct a new grain warehouse to expand capacity. The company also has a joint venture with Princes to expand the distribution of bottled vegetable oils in Poland.
Elstar Oils S.A. subsidiary Biopaliwa SA, located in Malbork, has produced biodiesel components since 2008. In 2008, the Elstar Group completed the last stage of four-year long investment process, which resulted in an increase of the rapeseed crush capacity from 200 to 400 thousand tons annually.
Using edibles to produce diesel oil is a very questionable short term solution. Finding more ways to reduce our diesel oil consumption would be a much better solution.
Posted by: HarveyD | 14 August 2011 at 08:14 AM
Canola is a decent oil to be using for this tiny portion of the fuel cycle. People who care about lowering fossil use will applaud this effort to provide a sustainable fuel to transition to EVs.
Posted by: Reel$$ | 15 August 2011 at 09:14 AM
Keeping in eye today's fuel problem, another option should be there in our mind. So Biodiesel oil is the good option to solve the problem. ageratec.com provides such tipe of fuel facility to overcome any time of fuel problem.
Posted by: Account Deleted | 26 August 2011 at 09:51 PM