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February 14, 2014

ADM Invests In Rennovia, Inc. To Boost Renewable Products Portfolio


On February 11, 2014, Archer Daniels Midland Company (ADM) announced that the company has committed to a $25 million equity investment in Rennovia, Inc., a privately held company that develops catalysts and processes for the cost-advantaged production of chemical products from renewable feedstocks. According to ADM's press release on the announcement, the company is making this investment as "part of ADM's ongoing efforts to enhance returns by strengthening [its] portfolio of higher-margin products." A copy of ADM's press release is available online.