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Ownership Change for Lysac

April 4, 2006

Archer Daniels Midland Company has acquired all the assets of Group Lysac, a Canadian manufacturer of superabsorbent material. The purchase includes all intellectual property and technological assets held by Lysac to make biodegradable products from natural and renewable resources. The new owner will use Lysac’s assets to developed bio-based products. Lysac’s absorbent polymers, called Safe and Natural Absorbent Polymers (SNAPs), are made primarily from starch and can be used in new generations of industrial applications and consumer products such as disposable diapers.
    In March, ADM announced plant to build the first commercial plant to produce PHA biodegradable plastics in Clinton, IA. These plastics have a variety of applications in products currently made from petrochemical plastics including coated paper, film and molded goods. ADM is a world leader in agricultural processing and fermentation technology and one of the world’s largest processors of soybeans, corn, wheat and cocoa.
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