Tereos ethanol productions soars more than 16.5% but profits sink

In France, Tereos produced 16.5% more ethanol at 1.9 million cubic liters during the year through March, in addition to more sugar and more starch, but profits fell 90% due to low prices for all three products. The company is trying to further consolidate ahead of the reform of the EU’s sugar market in 2017 by merging with Cristal Union, but the offer was rejected earlier this year.