Cargill is moving forward with plans to increase its corn-ethanol production capacity despite a slowdown in demand for the biofuel, said Alan Willits, president of Cargill Corn Milling. The company is on course to invest $200 million to retrofit and expand a corn-ethanol plant in Fort Dodge, Iowa, which will open by the fourth quarter of 2013, Willits said. "Biofuels have an important role to play as a fuel source in North America. We want to be a part of that whether it's serving our farm customers or our food customers."

Full Story:

Related Summaries