CropEnergies AG: CropEnergies invests more than EUR 100 million in UK production site

Ensus to strengthen its market position

Mannheim (pta022/25.07.2023/16:15 UTC+2)

25 July 2023 – CropEnergies AG, Mannheim, will invest more than EUR 100 million into various projects in the production site of its subsidiary Ensus UK Ltd. in Wilton, UK, over the next years. The investments will enhance the overall profitability of the site as well as its competitiveness, reduce CO2 emissions and strengthen its position on the European ethanol and protein markets.

The major part of the investment will be the construction of a new unit for the production of high-protein animal feed. The new product which will be marketed under the brand name EnPro is a high-protein product aimed at UK and European aquafeed and pet food markets. The total investment will be approximately EUR 75 million with commissioning being scheduled for 2025.

Additional investments are mainly aimed at improving plant reliability and reducing emissions. Some of the installed feed driers will be replaced or upgraded. Another project is the installation of a mechanical vapor recompression unit which will also bring about significant reductions of CO2 emissions.

In total, CropEnergies will invest more than EUR 100 million at the Wilton site by 2025.

Dr Stephan Meeder, CEO and CFO of CropEnergies AG, said: "By turning feed grain into high-protein feed with a wider range of applications, we are diversifying our product range and also helping to address the UK's protein shortage. EnPro is a product which fits perfectly into CropEnergies' dedication to a circular economy. We utilize all of our raw materials and refine them into products which benefit the markets in which we operate. We look forward to Ensus adding another high-quality protein feed which is unique in the UK market to the CropEnergies portfolio."

CropEnergies AG

Sustainable, renewable products made from biomass – that is what CropEnergies stands for. Our products contribute to a climate-friendly world and ensure that fossil carbons remain in the ground permanently and do not continue to drive climate change.

Founded in Mannheim in 2006, the member of the Südzucker Group is the leading European producer of renewable ethanol. With a production capacity of 1.3 million m3 of ethanol per year, CropEnergies produces neutral alcohol as well as technical alcohol (ethanol) for a wide range of applications at locations in Germany, Belgium, the UK, and France: Sustainably produced ethanol as a petrol substitute is an answer to the future challenges of climate-friendly energy supply in the transport sector. Thanks to highly efficient production plants, our ethanol reduces CO2 emissions by an average of more than 70 percent across the entire value chain compared to fossil fuel. Our high-quality alcohol is also used in beverage production, cosmetics, pharmaceutical applications, for example as a basis for disinfectants, or as a raw material for innovative biochemicals.

Equally important are the resulting protein food and animal feed products as a sustainable regional alternative to emission-intensive protein imports from overseas, as well as biogenic carbon dioxide. It is used in beverage production, among other things, and will be a valuable raw material for a wide range of applications in transport and industry in the future. Thus, all raw material components are utilised in our circular economy.

CropEnergies AG (ISIN DE000A0LAUP1) is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.

Contact

Nadine Dejung-Custance

PR / Marketing

Tel.: +49 (621) 71 41 90-65

Fax: +49 (621) 71 41 90-05

presse@cropenergies.de

Heike Baumbach

Investor Relations

Tel.: +49 (621) 71 41 90-30

Fax: +49 (621) 71 41 90-03

ir@cropenergies.de

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Emitter:	CropEnergies AG Maximilianstraße 10 68165 Mannheim Germany
Contact Person:	Heike Baumbach
Phone:	+49 621 71 41 90-30
E-Mail:	ir@cropenergies.de
Website:	www.cropenergies.com
ISIN(s):	DE000A0LAUP1 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate