DECATUR, Ill., July 18 -- Archer Daniels Midland Company (NYSE: ADM) announced the launch of NovaLipid(TM) zero and reduced trans-fat oils and shortenings at the Institute of Food Technologists Exhibition in Chicago, Illinois on Sunday. NovaLipid's range of oils and shortenings can be used in margarine, baking, frying, confectionery, snack and cereal products.
ADM's global procurement capabilities and unique enzyme process allow it to provide blended base oil stocks, naturally stable oils, tropical oils and interesterified shortenings and margarine, tailor-made to provide the functionality required for virtually any food application.
"With the introduction of the NovaLipid line, ADM can now provide customers with the most complete range of options for zero and reduced trans-fat products," said Paul B. Mulhollem, President and Chief Operating Officer of ADM. "It demonstrates ADM's ongoing commitment to provide customers with innovative solutions for their formulation needs and to develop ingredients that deliver enhanced functional and nutritional benefits."
Last week the Food and Drug Administration (FDA) announced changes to the Nutritional Labeling Education Act that will require the labeling of trans-fats on all nutritional fact panels by January 1, 2006.
Archer Daniels Midland Company (ADM) is a world leader in agricultural processing. The Company is one of the world's largest processors of soybeans, corn, wheat and cocoa. ADM is also a leader in soy meal and oil, ethanol, high fructose corn syrup (HFCS) and flour. In addition, ADM is building a position in such value-added products as specialty food ingredients, bioproducts and nutraceuticals (such as Vitamin E and sterols). Headquartered in Decatur, Illinois, ADM has over 24,000 employees, more than 260 processing plants and net sales for the fiscal year ended June 30, 2002 of $22.6 billion. Additional information can be found on ADM's Web site at http://www.admworld.com .