CropEnergies AG, Mannheim, is putting 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, on hold.
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”.
