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Ethanol Europe

Crop Energies’ profits reach record highs on the back of strong European ethanol prices

A strong European bioethanol market has lead Crop Energie’s profits to reach 40 million euro for the first half of the 2015/16 financial year (March to August), their highest level of profits for this period in Crop Energie history, according to a new press release from the company.

This leaves expected profits for the full financial year to reach between 50 and 70 million euro. Despite this, revenues for the first half of 2015/16 was dropped from 405 million euro to 390 million euro.

Crop Energie is one of the largest bioethanol producers in the Europe, with facilities in Germany, Belgium, the UK and France.

 

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