In Germany, CropEnergies will build a plant for the production of renewable ethyl acetate from sustainable ethanol. The foreseen location is the Zeitz Chemical and Industrial Park, Elsteraue, Germany. The supervisory board of CropEnergies has given the green light to the investment into what will be the first production plant in the new biobased chemicals […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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% […]
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 […]
