ADM said the suspension of operations is expected to last at least the duration of the second quarter of 2018 and will be reviewed during the third quarter.
“Since September 2017, the European Union has seen an influx of imported biodiesel, which has placed significant pressure on the local market, impacting profitability for European-based producers,” ADM said. “With continued imports and increasingly poor margins, the company has taken the difficult decision to cut back production in the region.”
