Record Production Volumes
Ethanol and renewable natural gas (Biomethane) reported record production volumes, driven by efficiency gains in Europe and better utilization at plants in Nevada and India.
Improved EBITDA in Q3
Q3 EBITDA improved year-over-year to €8.2 million from €7.3 million, driven by developments in the biodiesel segment and trading activities.
Positive Outlook for Ethanol Margins
Ethanol margins are showing improvement supported by stronger fundamentals for corn oil, reduced ethanol stock levels, and higher blending demand.
Increase in Greenhouse Gas Quota Prices
A slight rise in greenhouse gas quota prices was observed, with expectations for further recovery as regulatory scrutiny increases.
Strategic Partnerships and Investments
Active measures to strengthen long-term competitiveness through strategic investment choices and cost measures, including partnerships with Gail in India.