07.APR.2009 | Canadian Bioenergy Corporation

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Canadian Bioenergy and ADM enter into negotiations to build canola biodiesel facility

Canadian Bioenergy Corporation, a leading supplier of premium biodiesel in Canada, and Archer Daniels Midland Company (ADM), a global leader in agricultural processing and biofuel production, have entered into negotiations to form a joint venture to construct and operate a 265 million litre/year (70 million gallon/year) canola-based biodiesel production facility at the site of ADM's canola crushing plant in Lloydminster, Alberta. The companies are in the process of undertaking a full feasibility analysis of the project.