Mid-America Biofuels, LLC, has announced plans to build Missouri's first major biodiesel production plant in Mexico, Mo. Mid-America Biofuels, LLC is a joint venture of Biofuels, LLC, a farmer-owned biodiesel business based in Jefferson City, Mo.; Ray-Carroll County Grain Growers, Richmond, Mo.; and MFA Oil Company, Columbia, Mo.

Archer Daniels Midland Company (ADM) of Decatur, Ill., one of the world's leading agriculture processors, has entered into a letter of intent to purchase an interest in Mid-America Biofuels and provide key products and services to this joint venture. The facility will have a nameplate capacity of 30 million gallons of biodiesel production per year and will use soybean oil as feedstock.

"Biodiesel demand is growing rapidly, and we believe Missouri is the right place to produce biodiesel and fill that demand," said Warren Stemme, St. Louis County farmer and president of Mid-America Biofuels. "Additionally, I believe we have put together an unbeatable team, with each member providing resources and experience that will make Mid-America Biofuels a success."

With federal and state tax incentives in place, Missouri is poised to become the center of biodiesel production for the nation. Missouri's soybean programs have been instrumental in leading the charge toward a Missouri biodiesel production facility.

Source: Company Release