Archer-Daniels-Midland Company (ADM) Presents at BMO Growth & ESG Conference (Transcript)

Archer-Daniels-Midland Company (NYSE:ADM) BMO Growth & ESG Conference Call December 9, 2020 9:00 AM ET

Company Participants

Ken Campbell - President, North American Oils, ADM
Randy Stuewe - Chairman and CEO, Darling Ingredients Inc.
Bob Kent - President, REK Energy

Conference Call Participants

Ken Zaslow - BMO Capital Markets

Ken Zaslow

Good morning. My name is Ken Zaslow. I’m the Food & Agribusiness Analyst at BMO Capital Markets.

First and foremost, I want to thank our panelists for taking the time to share their insights with us today. Second, I’m excited to host the renewable diesel panel. As a substantial increase in renewable diesel demand and capacity like we will have a ripple effect across the entire food supply chain and agribusiness sector for years to come. Third, we’re fortunate to have three of the foremost experts with different perspectives on the future of renewable diesel and its implications.

Let me just provide a brief background of each of the panelists. We have Randy Stuewe, CEO and Chairman of Darling. Randy has been and continues to be a visionary within the renewable fuels industry. Specifically, Darling continues to enhance its position within renewable diesel through its integrated business model, and to become the largest, most efficient, low cost producer of renewable diesel with Super Diamond Green in 2021 and DGD 3 in 2024.

In addition, we’re fortunate to have Bob Kent to provide insight into the investment process and execution of renewable diesel. He’s the President of our REK Energy, a consulting firm that provides assistance and problem solving for downstream companies, as well as a board member for Sinclair Oil Corp.

To round out the group and provide perspective across the supply chain, we have Ken Campbell, President of North American Oils for ADM. With nearly 24 years of experience at ADM, Ken