Tag: CropEnergies

CropEnergies’ 2Q profit triples thanks to major sales boost

CropEnergies’ 2Q profit triples thanks to major sales boost

October 12, 2022 |

In Germany, Reuters reports that CropEnergies’ profits on ethanol production tripled during the second quarter to more than $100 million EBIDTA, sending its shares up 12% on the Frankfurt Stock Exchange. Although energy and feedstock costs have increased significantly, a major increase in sales volumes led to the soaring profit during the three months through […]

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CropEnergies acquires 50% of Dutch biobased chemicals start-up Syclus

CropEnergies acquires 50% of Dutch biobased chemicals start-up Syclus

September 20, 2022 |

In Germany, CropEnergies AG has acquired a 50% stake in the Dutch start-up for biobased chemicals Syclus BV, Maastricht. for EUR1.8 million. The goal is to build an industrial scale plant for the production of renewable ethylene from renewable ethanol. Ethylene is a basic chemical usually made from fossil oil and gas and is widely […]

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CropEnergies may mothball ethanol production

CropEnergies may mothball ethanol production

September 19, 2022 |

In Germany, CropEnergies is continuously assessing the capacity utilisation of all its renewable ethanol production plants. Given the multiplication in energy and power prices in combination with continuously high raw material prices, the pressure on the cost side is increasing. Particularly from January 2023 onwards, CropEnergies can only to a declining extend benefit from hedging […]

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CropEnergies acquires nearly 20% of LXP Group

CropEnergies acquires nearly 20% of LXP Group

June 9, 2022 |

In Germany, CropEnergies AG acquired secured just under 20 percent in LXP Group GmbH at the end of May 2022 for approx. EUR 2 million. LXP Group GmbH has developed a patented, energy-efficient process that enables mild digestion of lignocellular biomass, in particular residual and waste materials such as cuttings, as well as wood residues […]

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CropEnergies hires Johnson Matthey to design bio-ethyl acetate plant

CropEnergies hires Johnson Matthey to design bio-ethyl acetate plant

January 13, 2022 |

In Germany, CropEnergies AG and Johnson Matthey have entered into an engineering, license and technical services agreement for a plant to allow CropEnergies AG to produce renewable ethyl acetate from sustainable ethanol near its production site in Zeitz, Germany. Using Johnson Matthey technology, the renewable ethyl acetate produced by CropEnergies will reduce the fossil carbon […]

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CropEnergies testing E20 at Stuttgart Airport

CropEnergies testing E20 at Stuttgart Airport

October 19, 2021 |

In Germany, in a joint project, CropEnergies AG together with Stuttgart Airport and the mineral oil company Mabanaft Deutschland GmbH & Co. KG are testing a fuel with 20 percent renewable ethanol. The petrol fuel provided by CropEnergies and Mabanaft for test purposes is intended to help save CO2 and reduce particulate emissions. The 100 […]

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SOL and CropEnergies to invest $17.7M in biogenic CO2 recovery at BioWanze

SOL and CropEnergies to invest $17.7M in biogenic CO2 recovery at BioWanze

October 12, 2020 |

In Italy, SOL Group has signed an agreement with CropEnergies to jointly invest in production facilities for the recovery of biogenic CO2 by alcoholic fermentation at the Belgian subsidiary of CropEnergies in Wanze. The investment of the two partners, amounting to €15 million, will be carried out at the site of BioWanze SA, where is […]

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CropEnergies sees ethanol demand improving as COVID-19 quarantines ease

CropEnergies sees ethanol demand improving as COVID-19 quarantines ease

July 8, 2020 |

In Germany, Reuters reports that CropEnergies says it expects that as countries ease COVID-19 quarantines ethanol demand will rise again. Its Q1 ethanol production remained steady on the year at 208,000 cubic meters but falling prices related to the sudden drop in demand due to the pandemic forced down its Q1 operating profit by 46% […]

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CropEnergies sees record ethanol revenue but warns over COVID-19 impacts

CropEnergies sees record ethanol revenue but warns over COVID-19 impacts

May 13, 2020 |

In Germany, Platts reports that CropEnergies’ 2019/20 ethanol production in the year ending in February rose above 1 million cu m, up 3.6% on the year. Higher ethanol prices mixed with increased demand for ethanol as European countries look to achieve the 10% renewable energy mandate under the Renewable Energy Directive in 2020 saw revenue […]

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Clariant and CropEnergies team on disinfectant production in Germany

Clariant and CropEnergies team on disinfectant production in Germany

April 8, 2020 |

In Germany, Clariant together with CropEnergies has started monthly production of 2 million liters of disinfectant at Clariant’s facilities in Gendorf, Germany. This disinfectant is then directly or via repacking partners provided to regional hospitals and other vital institutions in Bavaria, who are currently facing limited availability of this critical product during the COVID-19 outbreak. […]

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