ADM Set to Become New Global Ethanol Production Leader

SUGAR LAND, TX,-- Researched by Industrial Info Resources (Sugar Land, Texas) -- Archer Daniels Midland Company /quotes/comstock/13*!adm/quotes/nls/adm (ADM 30.64, +0.01, +0.03%) (ADM) (Decatur, Illinois) reported rising ethanol profit margins in the company's earnings report for the company's fiscal fourth quarter, which ended June 30.

As the new fiscal year begins, ADM plans to crank up fuel ethanol production and will bring capacity online at its plant in Cedar Rapids, Iowa, later this month.

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source: marketwatch