Tag: CropEnergies

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

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

January 13, 2020 |

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 […]

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Higher European ethanol prices help CropEnergies boost operating results

Higher European ethanol prices help CropEnergies boost operating results

July 11, 2019 |

In Germany, Suedzucker said a strong recovery in ethanol sales revenues from the prior year’s low level was a major contributor to increased revenues for CropEnergies during Q1 with revenues moderately higher than last year at EUR185 million compared to EUR176 million last year. Lower sales volumes were more than offset by higher sales revenues. […]

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CropEnergies decides to resume ethanol production in the UK

CropEnergies decides to resume ethanol production in the UK

February 27, 2019 |

In Germany, the executive board of CropEnergies AG, Mannheim, has decided to resume ethanol production in its UK plant in Wilton at the beginning of March 2019. It is planned to initially run the factory at reduced capacity to supply orders from British customers. The company says that for a continuous operation of the plant […]

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CropEnergies to mothball UK ethanol plant from December due to poor market conditions

CropEnergies to mothball UK ethanol plant from December due to poor market conditions

October 23, 2018 |

In Germany, CropEnergies announced that due to the difficult market conditions, the company will pause ethanol production at its Ensus plant in Wilton, UK, from the end of November 2018 onwards. The notice came as part of an adjustment on its outlook for the current financial year 2018/19 due to ethanol prices – both spot […]

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CropEnergies with weaker start to the year and new perspectives

CropEnergies with weaker start to the year and new perspectives

July 14, 2018 |

In Illinois, CropEnergies AG, Mannheim, started the 2018/19 financial year with a below-average 1st quarter compared to previous years. The operating result decreased to EUR 5 (previous year: 24) million. The main reason for the reduction is the significantly lower ethanol price, which was temporarily below the gasoline price. As a result, production was reduced […]

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CropEnergies’ 2017/18 ethanol production rose 12% but operating profits down

CropEnergies’ 2017/18 ethanol production rose 12% but operating profits down

May 17, 2018 |

In Germany, Platts reports that CropEnergies’ ethanol production jumped 12% during 2017/18 to a record 1.149 million cu m, together with 15% more animal feed and protein production of 662,000 metric tons saw revenues increase 10% on the year to $1.042 billion. Higher raw material cost and maintenance saw operating profits fall by a quarter […]

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CropEnergies concerned EU biofuel policy will kill the market post-2020

CropEnergies concerned EU biofuel policy will kill the market post-2020

January 10, 2018 |

In the UK, CropEnergies is concerned that European policymakers will destroy a decade’s worth of climate action by killing the ethanol market going into the 2020s, in turn hitting the communities where it produces ethanol, such as in northeast England where it recently restarted the Ensus ethanol plant bringing prosperity to local wheat farmers. The […]

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Report says first generation bioethanol is as sustainable as second generation

Report says first generation bioethanol is as sustainable as second generation

September 9, 2017 |

In Germany, a sustainability assessment carried out by nova-Institute and ordered by CropEnergies shows that first generation bioethanol is as advantageous as second generation bioethanol for a feasible climate strategy. The results indicate that the discrimination against first generation biofuels of the current EU Commission proposal is not founded on scientific evidence. The analysis of […]

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CropEnergies cashes in on ethanol margins thanks to Ensus

CropEnergies cashes in on ethanol margins thanks to Ensus

June 19, 2017 |

In Germany, shares of CropEnergies soared back towards record highs in response to news the Ensus ethanol plant is back online and during a period of higher-than-expected ethanol prices in Europe. As a result, its March-May results were higher and it reviewed higher its expectations for its full year revenue towards EUR1 billion. Traders estimate […]

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CropEnergies sees record profit thanks to Wilton ethanol plant

CropEnergies sees record profit thanks to Wilton ethanol plant

May 31, 2017 |

In Germany, CropEnergies’ Wilton, UK-based ethanol facility came back online in June last year, a move which helped to boost overall revenues by 11% and reach a record profit of $109.9 million during 2016/17. While the facility was mothballed for about a year in light of low European ethanol prices, the company invested in improvements […]

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