Crop Energies to build renewable ethyl acetate plant
The supervisory board of Crop Energies has given the green light to the investment into what will be the first production plant in the new biobased chemicals business. The total investment for the new production facility will be between EUR 120 and EUR 130 million, which will be paid from the existing cash position. The company is currently engaged in the detailed and construction engineering. Ground breaking is to take place early in 2024 and the commissioning is scheduled latest for summer 2025.
The new production plant, which will be the first of its kind in Europe, will produce 50,000 tonnes of renewable ethyl acetate per year from sustainable ethanol using renewable energy for the process. Ethyl acetate is widely used in the production of flexible packaging and coatings, paints and adhesives, as well as in food, beverage, cosmetics and pharmaceutical applications. Currently, ethyl acetate is produced mainly from fossil resources.