HAMBURG, July 30 Production should resume at
British biofuel producer Ensus in the autumn, CropEnergies
, its new German owner, said on Tuesday.
CropEnergies announced the purchase of Ensus on July 19.
Ensus had closed its plant in Yarm in northeast England in April
due to adverse market conditions.
Ensus operates one of Europe's largest bio-refineries with
an annual production capacity of about 400 million to 450
million litres of bioethanol and about 1 million tonnes of feed
wheat. The plant can also produce up to 350,000 tonnes of animal
"The production plant in northeast England should be put
into operation in autumn 2013," CropEnergies said.
Ensus started operating the plant in February 2010 but then
shut it for 15 months from May 2011 until August 2012, also due
to a poor market. CropEnergies has said it will invest more than
50 million pounds to improve the plant's competitiveness.
The Germany company said on Tuesday the takeover would cut
its expected operating profit in the 2013/14 financial year to
between 40 million and 50 million euros from its earlier
expectation of 50 million to 60 million.
But Ensus is expected to make a positive contribution to
CropEnergies' earnings in two years, it said.
"The acquisition of Ensus in Britain is a unique opportunity
to rapidly improve our position against our competitors,"
CropEnergies Chief Operating Officer Marten Keil said.