Corporate | 4 July 2008 10:01
CropEnergies AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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Zeitz bioethanol plant expansion completed
Mannheim, 4 July 2008 – CropEnergies AG, Mannheim, has completed the
expansion of the capacity of their bioethanol plant in Zeitz,
Saxony-Anhalt, as planned. After a construction time for the extension of
only 13 months, the original annual capacity of the Zeitz location of
260,000 m³ of bioethanol has been increased by a further 100,000 m³ to
360,000 m³. This increase was carried out in two stages. The existing
plant, which processes cereals and sugar syrups into bioethanol, was
expanded by an additional 40,000 m³ of bioethanol per annum. The
newly-built plant with an annual capacity of 60,000 m³ exclusively
processes sugar syrups originating from the neighbouring sugar factory.
With this expansion, the Zeitz factory is by far Europe's largest
bioethanol plant.
At the Zeitz plant, a total of over € 50 million has been invested in the
expansion of the bioethanol production. As a result of the extension, the
number of staff employed at Zeitz has now risen to 104.
With the completion of this expansion of the bioethanol plant in Zeitz,
which follows the takeover of Ryssen Alcools S.A.S at the end of June 2008,
CropEnergies has achieved another important milestone on schedule in its
programme of expansion. At the end of the year, a further plant with a
capacity of up to 300,000 m³ of bioethanol annually will go on stream in
Wanze, Belgium. At the end of financial year 2008/09, CropEnergies will
then have a capacity of over 700,000 m³ of bioethanol per annum available.
Results for the first quarter 2008/09 will be published on 9 July 2008.
The CropEnergies AG
The CropEnergies Group – a member of the Südzucker Group – is an
established leading European producer of bioethanol for the fuel sector.
'Crop' stands for 'creative regeneration of power'. Energy in the form of
bioethanol is produced from renewable resources – grain and sugar beets.
With subsidiaries in Germany, France, and Belgium, CropEnergies has
established itself as a bioethanol producer in a growing market in just a
few years and it operates today’s largest bioethanol plant in Europe in
Zeitz, Saxony-Anhalt, Germany. CropEnergies considers itself a pioneer on
the German bioethanol market and expands its market position in Europe. The
shares of CropEnergies AG (ISIN DE000A0LAUP1) are listed in the Prime
Standard at the Frankfurt Stock Exchange.
Contact:
Tobias Erfurth
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
ir@cropenergies.de
Nadine Dejung
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
presse@cropenergies.de
04.07.2008 Financial News transmitted by DGAP
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Language: English
Issuer: CropEnergies AG
Gottlieb-Daimler-Str. 12
68165 Mannheim
Deutschland
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: info@cropenergies.de
Internet: www.cropenergies.de
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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