NutraCea, ADM in rice technology collaboration
April 16, 2007
by Eric Schroeder
PHOENIX — NutraCea entered an agreement with ADM Rice Inc., an operating division of Archer Daniels Midland Co., under which NutraCea will implement its proprietary rice stabilization technology into the ADM Rice facility located in Arbuckle, Calif. Once in place, the technology will be used to produce stabilized rice bran for distribution into the human, companion pet and equine feed markets.
"This agreement between NutraCea and ADM Rice is timely and a natural strategic step as it allows us to quickly increase our production while still maintaining product integrity of the finished stabilized rice bran," said Brad Edson, president and chief executive officer of NutraCea. "We have aligned ourselves with one of the most recognized and respected names in the agricultural industry with a global presence and look forward to significant additional opportunities to expand the current usage of our stabilized rice bran by ADM as a value added ingredient."