ADM receives $24.8 million D.O.E. grant
December 7, 2009
by Eric Schroeder
WASHINGTON — Archer Daniels Midland Co. has been awarded a $24.8 million grant from the U.S. Department of Energy to develop and construct a facility that will convert biomass into renewable fuel. The grant is one of 19 projects in the United States set to receive up to $564 million in funding as part of the American Recovery and Reinvestment Act.
ADM’s Advanced Biorefinery project will produce fuel ethanol and ethyl acrylate, a compound used to make plastics, adhesives, coatings and various other materials. The technology in the project also will be applicable to ADM’s ongoing efforts to commercialize biocrude, a renewable product that may be refined into drop-in transportation fuels at existing petroleum refineries.
“By helping to reduce the financial risk inherent in this kind of cutting-edge R.&D., this funding from the Department of Energy will allow ADM to advance development steps concurrently, rather than sequentially, which will reduce the timeframe to commercialization by about two years,” said Todd Werpy, vice-president of Biofuels and Biochemical Research.
In addition, ADM said the project aligns with its biofuels research, including development of sustainable biomass collection processes. Along those lines, ADM said it is working with Deere & Co. and Monsanto Co. to develop a sustainable supply of corn stover. Corn stover is the stalks, leaves and cobs of corn plants typically left on the field.