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ADM expects to idle Brazil sugar ethanol plant this year

2016-02-20 03:26:02| Agriculture - Topix.net

Feb 19 U.S. agribusiness company Archer Daniels Midland Co does not expect to restart its sugarcane ethanol plant in Brazil after a seasonal shutdown this year, the company said in a U.S. regulatory filing on Friday, as a broad review of its operations continues. Chicago-based ADM has been trying to sell the Brazilian plant in Limeira do Oeste since 2012 and on Friday said it was still looking at all options.

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