CropEnergies expects 5% revenue increase in part thanks to higher ethanol prices

December 20, 2016 |

In Germany, CropEnergies expects the European ethanol market to improve enough that it has raised its revenue forecast for the second time this year through February, this time by 5%, an announcement welcomed by investors who boosted its shares by 7%. Revenues jumped during the August through November quarter by 28% in part thanks to better ethanol prices, though the company didn’t report the reasons behind the improved results. Platts said ethanol prices were 3% higher during August through November but have increased another 12% since then.

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Category: Fuels

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