CropEnergies cashes in on ethanol margins thanks to Ensus

In Germany, shares of CropEnergies soared back towards record highs in response to news the Ensus ethanol plant is back online and during a period of higher-than-expected ethanol prices in Europe. As a result, its March-May results were higher and it reviewed higher its expectations for its full year revenue towards EUR1 billion. Traders estimate the Ensus plan was pulling in gross margins of GBP10,000 per day or perhaps even more thanks to lower wheat prices and higher ethanol prices.