With all the excitement about biogas, one tends to forget that Verbio sells ethanol too. Verbio produces about as much ethanol as Crop-Energies does, and Crop-Energies yesterday announced surprisingly strong earnings in its third quarter earnings report. Now Verbio has a cost advantage over Crop-Energies in that it uses heat from the biogas process in its ethanol production, saving Verbio this cost. One can look forward to how Verbio?s ethanol business will have done in its fourth quarter, which will be announced in February. This is just one more feather in Verbio?s cap.
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