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Germany-based CropEnergies has acquired UK bioethanol producer Ensus

Ensus Biorefinery, Wilton UK

Ensus Biorefinery, Wilton UK

CropEnergies acquires UK bioethanol producer Ensus

Bioethanol production capacity increases by 50 percent

Mannheim, 19 July 2013 – CropEnergies AG, Mannheim, acquires the UK bioethanol producer Ensus Limited, based in Yarm, England. The company operates one of the largest production plants for bioethanol in Europe, in the northeast of England with an annual capacity of 400,000 cubic metres of bioethanol and 350,000 tonnes of dried protein animal feed (DDGS). In addition, carbon dioxide is delivered to an adjacent liquefaction plant which processes it for utilisation in the food and drinks industry. The bioethanol plant was commissioned at the beginning of 2010 and employs approximately one hundred employees. CropEnergies will significantly improve the competitiveness of the company by investing more than 50 million GBP.
The acquisition of Ensus was completed on 19 July 2013 by a contribution in kind in return for the issuance of 2.25 million new CropEnergies shares. The issuing price per share is EUR 5.98 (ex dividend), corresponding to a total value of EUR 13.5 million or respectively a premium of 5 percent on the weighted average share price of the last 3 months. Ensus is being sold by funds affiliated to The Carlyle Group, one of the largest global alternative asset managers worldwide with assets under management of more than US$ 176 billion. Through the capital increase within the scope of the authorised capital, Carlyle will become a shareholder in CropEnergies, holding 2.6 percent of the stock. The companies do not disclose further details of the transaction.
With the purchase of Ensus, CropEnergies strengthens its position as one of the leading bioethanol producers in Europe and increases its annual production capacity of bioethanol by 50 percent to more than 1.2 million cubic metres. The production capacities in the UK add to the network of the company, which already operates production plants for bioethanol in Germany, Belgium and France. Via Ensus, CropEnergies gains access to the British bioethanol market, the third largest market for bioethanol in the EU after Germany and France. Together with the processing plant for neutral alcohol with an investment volume of EUR 27 million, that is being built in Zeitz, Germany, until 2015, CropEnergies hereby continues the expansion of its business pursued within the last years.
CropEnergies AG
Ensuring mobility in a climate friendly way – today and in the future – is CropEnergies’ business. Founded in Mannheim, Germany, in 2006, the young and dynamically growing member of the Südzucker Group is one of the leading European manufacturers of sustainably produced bioethanol for the fuel sector today. With its production capacities of 1.2 million cubic meters of bioethanol per year, CropEnergies produces bioethanol which predominantly replaces petrol in four modern production facilities in Germany, Belgium, the UK, and France.
The highly efficient production facilities reduce CO2 emissions by up to 70 percent across the whole value-added chain compared to fossil fuel. With the production sites, the unique logistics network in Europe as well as trading offices in the USA and Brazil, CropEnergies is one of the leading companies in a major emerging market.
At the same time, CropEnergies is an important producer of food and animal feed products. The raw materials which are used such as cereals and sugar beets are completely utilized. As a result, more than 800,000 tonnes of high-quality protein food and animal feed products are manufactured every year out of the non-fermentable components of the raw materials.
The CropEnergies AG stock (ISIN DE000AOLAUP1) has been listed at the regulated market (Prime Standard) at the Frankfurt Stock Exchange since 2006.

About Ensus:

Headquartered in Yarm, UK, Ensus operates one of the largest bioethanol plants in Europe. The Ensus facility has an annual capacity of 400,000 litres of ethanol which is used to make greener road fuels. The plant also produces 350,000 tonnes a year of dried high protein animal feed (DDGS) for the farming industry and 300,000 tonnes a year of carbon dioxide for the food and drinks industry.

Ensus started up its bioethanol plant at the Wilton International site on Teesside early in 2010, employing around 100 people. The business also supports 2,000 jobs in the wider supply chain including farmers, hauliers, engineering support and storage firms.

The plant produces bioethanol used for greener road fuel together with high protein animal feed and CO2 for the food and drinks industries. These co-products ensure that the bioethanol produced does not compete with land for food production and has a very high greenhouse gas saving compared to fossil fuel.

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