By Christine Stebbins
CHICAGO | Thu Mar 15, 2012 6:29pm EDT
CHICAGO (Reuters) – Agribusiness company Cargill Inc CARG.UL is expanding in the corn-based ethanol business despite a sluggish demand outlook for the renewable fuel, the head of the company’s corn milling group said on Thursday.
Alan Willits, president of Cargill Corn Milling, said the company is on track to spend $200 million retrofitting and expanding a corn processing facility in Fort Dodge, Iowa, that will employ 200 and open by the fourth quarter of 2013. “Biofuels have an important role to play as a fuel source in North America,” Willits said in an interview at the Reuters Food and Agriculture Summit… Read More