CropEnergies to run in the red despite Ensus purchase

In Germany, biofuel producer CropEnergies may run up to a $41 million (EUR 30 million) deficit due to US biofuel imports and political deadlock in the EU. CropEnergies, which currently owns the Ensus bioethanol site in the UK, has seen its margins reduced following an increase in grain prices. Despite owning one of Europe’s largest grain ethanol plants, CropEnergies earnings are down 79% year on year.