11 October 2011 17:05 [Source: ICIS news]
LONDON (ICIS)--CropEnergies is confident about the prospects for 10%-bioethanol-blended gasoline (E10) in ?xml:namespace>
E10, which has been approved for sale at the pump in
In total, 906,000 tonnes of E10 were sold in
E10 was initially available mainly in eastern and southern
CropEnergies said with country-wide availability, E10 sales and market share will increase, thus boosting its revenue and profit.
For the fiscal year ending 29 February 2012, CropEnergies expects revenue in the range of €520m–€570m ($712m–$781m) – compared with €430m for the 12 months to 28 February 2011.
In the first six months ended 31 August, CropEnergies reported a 28% year-on-year increase in revenue, to €275.2m, mainly driven by higher prices for bioethanol and animal feed products, it said.
($1 = €0.73)
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