Production Volume Increase
Production volumes increased year-over-year, including ethanol and RNG, with improved utilization in all regions and small volumes at the Nevada plant in Iowa.
Stable Equity Ratio
The equity ratio remained stable at 65%, despite challenging market conditions.
Positive Prospects for GHG Quota Market
Draft regulations by the German Federal Ministry of Environment could boost demand for greenhouse gas quotas and support prices in future years.
Better Performance in North America
North American operations showed better performance compared to the previous year, attributed to better utilization despite lower spreads.
US Ramp-Up Investment Potential
Potential to lower investment costs for RNG production in Indiana below $200 million with lessons learned from Nevada.
Stable Revenues in Bioethanol/Biomethane Segment
Revenues remained largely stable at EUR 160 million despite lower prices.
US IRA Impact
Investment tax credits from the IRA benefit the US operations, indicating future growth potential.