Ensus trial run as parent company returns to profit

The Ensus wheat-to-bioethanol plant at Wilton on Teesside is to resume operations for a trial period “starting in July 2016 at the latest,” says its parent company CropEnergies, a division of the German multinational crop processor Sudzucker. The plant last ran in February 2015, since when it has been closed for a temporary period. 

 

In the interim, the plant has had “numerous technical modifications” to improve its reliability and energy efficiency. These now need to be fully tested in a trial run. 

CropEnergies, which has bioethanol plants in Germany, Belgium and France as well as Ensus in the UK, made a profit of €87 million in the year ended February 29th 2016, compared to a loss of €11m in the previous year. This is attributed to a recovery in ethanol sales revenues and lower net raw material costs, plus cost savings from the Ensus shutdown. 

But revenues dropped to €658m from €764m in line with lower production and sales volumes of ethanol, food CO2 and animal feed, due to the closure of the Ensus plant and a maintenance shutdown at its Belgian facility. The company predicts revenues in the range of €550m -€625m for the current year. 

The Sudzucker group saw operating profit increase to €241m on revenues 6% down to €6.4 billion in the year to February 2016, compared to €181m and €6.8bn in the previous year, with the CropEnergies recovery helping to offset declining results from Sugar, the Group’s biggest division. 

Posted on May 31, 2016 and filed under Commodities, Company News, Top Story.