ADM said its elevators in Novelty and Center, Missouri, U.S., will triple their storage capacity, while a barge loading terminal in Quincy, Illinois, U.S., will add grain storage and improve receiving efficiencies. These projects will accommodate regional farmers’ increased production by expanding the combined storage capacity of the facilities by nearly 1.7 million bushels, enhancing corn drying capabilities and reducing truck unloading times.
“To accommodate farmers’ increased production and to advance our company’s growth strategy, we are expanding our elevators to increase our storage capacity and better meet the needs of local growers,” said Joe Taets, president, ADM Grain.
Construction at these facilities will begin this spring once permitting is in place, and should be completed in time for the 2011 fall harvest.
Crops received at these expanded facilities will help supply ADM’s soybean processing operations in Quincy, Illinois, U.S., and Mexico, Missouri, U.S., as well as ADM’s barge loading terminals in St. Louis, Missouri, U.S., and Quincy. In the U.S., ADM operates 191 elevators with an aggregate storage capacity of more than 420 million bushels.