Mannheim, 11.12.2024 – CropEnergies AG, Mannheim, is putting on hold the planned investment in a plant for the production of EnPro® high protein animal feed at the production site of its subsidiary Ensus UK Ltd. in Wilton, UK.
Currently, CropEnergies is investing in several major projects with high capital requirements. After intensive consideration, this decision was made following review of all projects in the current challenging market environment, which is affecting CropEnergies' profitability and on the back of rising investment costs, also for EnPro®.
“In addition to high inflation, particularly in the past two years, the persistently low world market price quotations for renewable ethanol and the resulting significant increase in import pressure are causing us to re-evaluate planned projects,” says Dr Fritz Georg von Graevenitz, CEO of CropEnergies and adds: “Even though we continue to support this project and remain committed to Ensus, we have to prioritise our investments due to market developments and are actively looking at how the project could be alternately financed”.