Ethanol Europe’s parent company ClonBio Group reports record results for 2018

In Ireland, ClonBio Group reported record levels of ethanol, animal feed and corn oil sales, profits before tax that increased by 10% to €39 million (about $43.5 million), and more. ClonBio states in their press release that prospects for ethanol demand are good despite regressive EU policies and that a €20 million capital investment further increases operating competitiveness.

They also report that animal feed and corn oil had an excellent year, that the current year has started well, and that the new processes will bring greater efficiencies and higher value offerings.

Commenting on the results, Mark Turley, Chairman and Chief Executive said, “Prospects for continued growth in European ethanol demand are good, despite regressive EU policy on sustainable biofuels.  Ethanol helps fuel suppliers in Ireland and the EU reach their climate action goals with no loss of exchequer revenues, no cost to the consumer and no adverse side effects.”