ADM, Wilmar receive approvals for Olenex joint venture

New venture processing and marketing oils and fats in Europe to be launched in the near future.

Archer Daniels Midland Co. (ADM) and Wilmar International recently announced that they have received all required competition approvals for their agreement whereby Olenex, their partnership to market oils and fats in Europe, will become a full-function joint venture with its own assets. The companies anticipate formally launching the new venture in the coming weeks.

“We are pleased to have received all appropriate regulatory approvals, and we look forward to a smooth and successful

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