ADM and Planters Cotton Oil Mill Form Cottonseed Joint Venture

Archer-Daniels-Midland Company +2.02%

Archer-Daniels-Midland Company

ADM

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ADM (Archer Daniels Midland Company) and Planters Cotton Oil Mill have announced an agreement to form a new cottonseed joint venture aimed at enhancing service to suppliers and customers. Planters will contribute its Pine Bluff, Arkansas crush plant and additional regional facilities, while ADM will add its Memphis, Tennessee cottonseed facility, with the Memphis oil refinery set to operate under the joint venture and crushing operations there to cease. The new company will be 60% owned by ADM and governed by a board with equal representation from both firms. The transaction is expected to be completed and the joint venture formally launched in the first quarter of 2026.

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