Tate & Lyle Increases US Fuel-Ethanol Production

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Tate & Lyle today announces that its has completed modifications to increase annual fuel-grade ethanol production capacity at its Staley maize processing plant in Loudon, Tennessee by 50%. This raises the annual production rate from 40 million gallons to 60 million gallons. Staley Loudon can now convert 24 million bushels of maize to ethanol annually making it one of the largest ethanol production facilities in the United States.

Market changes and government measures have recently created increasing demand for ethanol in the US, with 2001 set to be a record year for production. As a renewable fuel, ethanol helps fight air pollution from motor vehicles, plays a vital role as a fuel additive to replace other additives such as MTBE, and is used to increase gasoline octane and as a gasoline extender. The use of grain-based ethanol in gasoline reduces greenhouse gas emissions by 35-46% compared with conventional gasoline.

AE Staley Manufacturing Company is part of Tate & Lyle North America and is one of the largest maize refiners in the US. It is a prominent supplier of value-added products derived from carbohydrates, including sweeteners, food and industrial starches, and citric acid. Staley ships ethanol by barge, rail car and truck to blenders throughout the eastern half of the US.

About Tate & Lyle: 
Tate & Lyle is a global provider of solutions and ingredients for food, beverage and industrial markets.

Tate & Lyle operates through two global divisions, Food & Beverage Solutions and Primary Products, supported by the Innovation and Commercial Development and Global Operations teams. Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings. Primary Products is focused on delivering steady earnings and generating cash.

Food & Beverage Solutions consists of: Texturants, including speciality starches; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres; and Stabilisers and Functional Systems, which are bespoke ingredient blends that ensure foods retain their structure.

Primary Products consists of high-volume sweeteners, industrial starches and fermentation products (primarily acidulants).  It also sells co-products from the corn milling process as animal nutrition.

Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2018, Tate & Lyle sales totalled £2.7 billion. For more information, please visit http://www.tateandlyle.com