PO Box 1146
Salida, CO USA  81201
(719) 539-0300
Fax: (719) 539-0301
info@bbibiofuels.com
 

 

BBI International... Your Biofuels Resource

   

Event Calendar


World Biofuels Symposium
November 13-15, 2005
Beijing, China

2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels Association

National Biodiesel Conference & Expo 2006
February 5-8, 200
6
San Diego, California
Organizer:
National Biodiesel Board

11th Annual National Ethanol Conference: "Policy & Marketing"
February 20-22, 200
6
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association

22nd Annual International Fuel Ethanol Workshop & Expo
June 20-23, 200
6
Milwaukee, Wisconsin, USA


Join our
Email Subscription List

Select your topics of interest for regular and timely updates - control your subscriptions and unsubscribe anytime


Complete Listing of Upcoming Events

Event History



Free Booklet Download:
Fuel Ethanol: A Technological Evolution

 


 

Posted on  

August 1, 2002

Justice Reviews Merger of Ethanol Firms


WASHINGTON (Reuters) - The U.S. Justice Department said on Wednesday it was
reviewing Archer Daniels Midland's possible purchase of its chief
competitor, Minnesota Corn Processors.

"The (antitrust) division is looking at the proposed transaction," said a
Justice Department official. The department did not elaborate on its review.

When talk of the deal first became public in May, a group of U.S. senators
urged the Justice Department to review it closely on fears that the
combination could come close to creating a monopoly.

The two companies combined would control almost half of U.S. production of
ethanol, which is made from corn and blended into gasoline to make motor
fuel burn more cleanly.

Democrats from California, New York, New Jersey and Vermont feared the
merger would have "severe repercussions on the price and supply of ethanol."

Decatur, Illinois-based ADM, one of the world's largest processors of
soybeans, corn, wheat and corn, is the largest U.S. producer of ethanol,
with about 41 percent of the market. Minnesota Corn Processors has about 6
percent of the ethanol market.

The acquisition would add 120 million gallons of ethanol production capacity
to ADM's current annual production of 950 million gallons.

Privately-owned Minnesota Corn Processors agreed in July to be acquired by a
unit of ADM for $396.2 million.







 

 

Other News

Click here to see previously posted News items in our Archive

BBI Store

BBI International
Project Development

Multi Client Study:
FUEL ETHANOL
MARKET ANALYSIS

More information and contents
 

BBI Online Store

 

Biodiesel Industry Directory Online:
View it FREE!



 


 
Home | Company Info | International Fuel Ethanol Workshop & Trade Show | Biofuels Recruiting | BBI Media

Biofuels Project Development - Biofuels Conference & Event Planning - BBI Media - Biofuels Recruiting

All logos and trademarks in this site are property of their respective owner.
Remainder of content Copyright © 2005 BBI International.