ARCHER Daniels Midland Co. (ADM) and Wilmar International Ltd. announced Dec. 10 that they have entered into an agreement whereby Olenex, their partnership to market oils and fats in Europe, will become a full-function joint venture with its own assets.
As part of the agreement, ADM will transfer two sites — a specialty oils and fats facility and a palm refining plant in Hamburg, Germany — to the new joint venture, and Wilmar will transfer its trop
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