CropEnergies sees Q1-Q3 profits triple thanks to 22% higher ethanol prices

In Germany, Platts reports that CropEnergies saw its ethanol production fall 6% to 729,000 cu m during the March-November 2019 period, but despite the fall in production, profits tripled during the same period to $78.2 million thanks in increased margins when prices were an average of 22% higher on the year. Part of the drop in production was a result of maintenance at its Ensus ethanol plant that lowered throughput to only serve the UK market.