ADM Expanding, Modernizing Brazilian Port
April 05 2016 - 11:00AM
Business Wire
- Santos port project to increase annual
crop storage and handling capacity to 8 million metric tons;
cutting edge technology will make port a leader in sustainable
operations
- Follows announcement of upgrade to
Barcarena export terminal; together, both projects represent
significant increase in company’s Brazilian export capacity
Archer Daniels Midland Company (NYSE: ADM) has begun a
significant expansion and modernization of its export terminal in
Santos, in the Brazilian state of São Paulo. The project will
expand the facility’s annual storage and grain handling capacity
from 6 million to 8 million metric tons, and will significantly
enhance environmental controls.
“Brazil is one of the world’s most important agricultural
producers, and ADM is continuing to deliver on our strategy as we
invest to expand our already significant operations there,” said
Greg Morris, president of ADM’s Oilseeds Processing business. “The
Port of Santos is one of two major ADM gateways from Brazil to
customers around the world, and with this expansion we are
enhancing our ability to move crops from there to Asian, African
and European customers.
“We are also continuing with the expansion of our jointly owned
export terminal in Barcarena, which will increase volume to 6
million metric tons per year,” Morris added. “ADM is already one of
Brazil’s largest exporters of agricultural products. When these
improvements to both ports are complete, we will be able to move
even more crops out of Brazil, and we will be able to do so more
efficiently, enhancing both our capability to meet global customer
demand and our ability to grow our returns in South America.”
In addition to increased capacity and efficiency, the upgrades
include a wide range of new technologies to help minimize
particulate emissions at the facility.
“In order to ensure that we continue to be a good neighbor in
Santos, we conducted extensive research into the most advanced
technologies available to limit the environmental impact of our
operations,” said Luciano Botelho, ADM’s president, South American
Oilseeds. “These changes will make our operations in Santos a
global leader in the use of technology to reduce particulate
emissions.”
ADM’s original Santos Port concession began in 1997. Last year,
the company signed an agreement to continue operations at the port
until 2037.
The project is scheduled for completion in mid-2017.
About ADM in Brazil
ADM is one of the largest agribusiness companies in Brazil. With
about 3,900 employees, the company processes soybeans in five
facilities and sunflower at another, and markets the bottled oil
brands Concórdia, Corcovado and Vitaliv. The company also operates
the largest biodiesel plant in Brazil, and more than 40 elevators
across the country. ADM is a joint owner of an export terminal in
Barcarena and has a concession to operate a terminal at the Port of
Santos, and is investing to enhance both of those port facilities.
ADM is also building a soy protein production complex next to the
company’s existing soybean plant in Campo Grande, Mato Grosso do
Sul.
About ADM
For more than a century, the people of Archer Daniels Midland
Company (NYSE: ADM) have transformed crops into products that serve
the vital needs of a growing world. Today, we’re one of the world’s
largest agricultural processors and food ingredient providers, with
more than 32,300 employees serving customers in more than 160
countries. With a global value chain that includes 428 crop
procurement locations, 280 ingredient manufacturing facilities, 39
innovation centers and the world’s premier crop transportation
network, we connect the harvest to the home, making products for
food, animal feed, industrial and energy uses. Learn more at
www.adm.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160405006216/en/
Archer Daniels Midland CompanyMedia
RelationsJackie Anderson, 312-634-8484media@adm.com
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