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Costs hit CropEnergies

This article was originally published in The Public Ledger

CROPENERGIES, which runs Europe's largest ethanol plant, has seen high feedstock prices and costs at a new site in Belgium slash net profit by 70% to €2.77m ($3.78m) in the three months toAugust 31, compared with €9.17m a year earlier.Higher ethanol production boosted sales by 69% to €89.9m, as CropEnergies expanded capacity at its Zeitz plant in Germany, making it able to sell more fuel and feed coproducts.



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