Decataur, Ill., and Singapore – Archer Daniels Midland Co. and Wilmar International Ltd. have announced the signing of a memorandum of understanding, indicating their intent to work together in a strategic partnership in global fertilizer purchasing and distribution, global ocean freight operations, and tropical oils refining in Europe. Collaborations between ADM and Wilmar began in the mid-1990s, when they jointly built a network of soybean processing operations in China. Today, ADM owns a 16 percent equity stake in Wilmar. The companies have significant supplier relationships with each other. Today, ADM owns a 16 percent equity stake in Wilmar. The companies have significant supplier relationships with each other. The recent MOU says that in the global fertilizer business, the companies will collaborate on purchasing and distribution; in ocean freight, they will partner to improve the utilization and management of their shipping fleets, with each company initially contributing two ships to the effort; and in tropical oil refining in Europe, they will work together to optimize refining capacity utilization. ADM and Wilmar will look to finalize the definitive agreements over the next few months.
Transparency Across the Fertilizer Value-Chain