Photo: REUTERS/Brendan McDermid

ADM quarterly profit falls on weak crush margins, announces layoffs

Chicago | Reuters – Grains merchant Archer-Daniels-Midland ADM.N reported a drop in fourth-quarter profit on Tuesday, pressured by weak oilseed crush margins and uncertainty over U.S. biofuel policy, and said it would be laying off up to 700 employees globally this year. Chicago-based ADM said it aimed to cut costs by $500 million to $750 […] Read more


<p>The ethanol plant in Aylmer, Ont. developed by Integrated Grain Processors Co-operative has been acquired by Belgian company AlcoEnergy.

IGPC Ethanol acquired by Belgian energy company

Acquisition could lead to diversified ethanol output, ends co-operative business model

IGPC Ethanol has been acquired by Belgian energy company Alco. The merger could see the Aylmer plant, Canada’s second-largest producer of ethanol, diversify its output.








Photo: Getty Images

Biden administration will not finalize clean fuel tax credit guidance

Ethanol producers hoping aviation fuel would provide market growth after amid stagnant demand

Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, three sources told Reuters, casting doubt on the future of a key piece of the U.S. president's climate agenda.