Tag: CropEnergies

CropEnergies boosts expectations for full year financial results

CropEnergies boosts expectations for full year financial results

December 26, 2016 |

In Germany, CropEnergies expects its full year operating profit to come in between EUR70 million and EUR85 million on the back of revenues between EUR760 million and EUR790 million, following strong results during the first three quarters. Preliminary reporting for the third quarter showed EUR215 million in revenue compared to EUR168 million during the same […]

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

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 […]

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CropEnergies boosts H1 ethanol production but revenues are down

CropEnergies boosts H1 ethanol production but revenues are down

October 12, 2016 |

In Germany, CropEnergies reported that ethanol production during the first half of the year rose to 450,000 cubic meters from 420,000 during the same period last year thanks to bringing back online its Wilton, UK facility. Despite high ethanol production and better capacity utilization, revenues only reached EUR350 million during the first half of 2016/17 […]

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CropEnergies calls on EU to implement biofuel blending mandates post-2020

CropEnergies calls on EU to implement biofuel blending mandates post-2020

July 7, 2016 |

In the UK, as CropEnergies prepares to re-open its ethanol production facility in Wilton, it has called on the European Union to update its biofuels policy to ensure clarity in the market for both prices and policy support with specific targets for biofuel blending post-2020. Currently there are no targets for biofuels when the current […]

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CropEnergies looks to trial the Ensus restart in July

CropEnergies looks to trial the Ensus restart in July

May 18, 2016 |

In the UK, CropEnergies is looking to do a trial test run at the Ensus ethanol plant no later than July in an effort to see if it can bring the plant back online after being mothballed in February 2015. In the meantime, the company has invested in upgrades to boost production and energy efficiency […]

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CropEnergies warns investors about “significant” drop in European ethanol prices

CropEnergies warns investors about “significant” drop in European ethanol prices

January 12, 2016 |

In Germany, CropEnergies has warned investors that a “significant” drop in ethanol prices will have negative consequences on its bottom line during 2016/17 with just EUR30 million in operating profit expected if prices remain the same, but that could increase to EUR70 million if the market situation improves. The company’s Ensus ethanol plant in the […]

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CropEnergies’ ethanol production falls 11% March to August on Ensus shutdown

CropEnergies’ ethanol production falls 11% March to August on Ensus shutdown

October 8, 2015 |

In Germany, CropEnergies’ ethanol production is down more than 11% during the March to August period at just 422,000 cubic meters, compared to the 478,000 cu m produced during the same period last year. The Ensus ethanol plant has been mothballed since February which contributed to much of the loss in volume. The company says […]

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CropEnergies sees the light at the end of the European ethanol market tunnel

CropEnergies sees the light at the end of the European ethanol market tunnel

June 17, 2015 |

In Germany, CropEnergies has boosted its view of the European ethanol market following a positive first quarter where higher ethanol prices boosted the company from the doldrums into a minor profit. Part of those profits come from lower operating costs due to a mothballed Teeside, UK ethanol plant mixed with higher ethanol prices resulting from […]

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CropEnergies expecting a loss for the year due to low EU ethanol prices

CropEnergies expecting a loss for the year due to low EU ethanol prices

September 22, 2014 |

In Germany, CropEnergies says it might be able to break even in the year to February 2015—despite falling grain prices—because of European ethanol prices that have slipped even further, by more than 17% to EUR495 per cubic meter at the end of August. More likely, however, is that the company will incur a EUR20 million […]

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CropEnergies to run in the red despite Ensus purchase

CropEnergies to run in the red despite Ensus purchase

May 13, 2014 |

In Germany, biofuel producer CropEnergies may run up to a $41 million (EUR 30 million) deficit due to US biofuel imports and political deadlock in the EU. CropEnergies, which currently owns the Ensus bioethanol site in the UK, has seen its margins reduced following an increase in grain prices. Despite owning one of Europe’s largest […]

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