Diesel From Soy Sparks $560 Million Investment by ADM, Cargill
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Archer-Daniels-Midland Co., the largest grain processor, and Cargill Inc. are spearheading a push to invest about $560 million in new biofuel refineries in Brazil, a country that already has twice the capacity it needs.
The U.S. agribusinesses have joined Brazilian companies that are expanding facilities in a bet the government will double to 10 percent the amount of biofuel that must be blended into petroleum-based diesel, driving up demand overnight.