Article: New ventures

In 2010, Russia's Tuapse Commercial Seaport expects to open a 450-millionruble (roughly $ I 7 million) terminal that will handle the transshipment of vegetable oil, the company told the Interfax news agency in late September. The terminal will accept, store, and export up to I MMT of sunflower oil per year and also import up to 500,000 metric tons of vegetable oil, mainly palm oil, the report noted.

Archer Daniels Midland Co. (ADM: Decatur, Illinois, USA) and PolyOne Corp. (Cleveland, Ohio) will collaborate to develop biobased plasticizers from corn and oilseeds for use in polymer formulations, the companies announced in September.

Swiss commodities supplier Glencore intends to invest $50 ...

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