German sugar giant Suedzucker to shut down ethanol production due to “unfavorable economics” as German biofuels industry evaporates

In Germany, JP Morgan Chase said that it expects that Suedzucker, the world’s largest sugar producer, will suspend ethanol production at its Cropenergies subsidiary due to unfavorable economics. It was unclear how long a potential shutdown, slated for as soon as next week, would last.

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