European ethanol producers are eyeing a continued boost in fortune through sustained demand growth this year after a bumper starts to 2017. Germany’s Crop Energies reported sales up 38% YoY after restarting its UK Ensus plant in July last year, projecting demand growth at 4% YoY.
Profits at Austria’s Agrana meanwhile nearly doubled in Q1 YoY thanks to ethanol prices which jumped from €80m/3 YoY. Crop-based ethanol producers benefit from the limited availability of waste-based ethanol compared to the relative ease of supplying waste-based biodiesel, which has left double count markets such as the UK and Netherlands almost entirely supplied from waste-sourced biodiesel.
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