ADM to take over Dow's ethanol production

Newswire

By Eric Noe CHICAGO, Oct 31 (Reuters) - Archer Daniels Midland Co. on Thursday announced that it will take over industrial ethanol production from Down Chemical Co. in 2005, ending a joint venture between the two that started in 1983. In July ADM announced the dissolution of the joint venture with Dow subsidiary Union Carbide Corp., beginning in 2003. At the time Dow had planned to continue producing industrial ethanol, but Thursday's announcement marked a decision by Dow to exit the ...

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