NTR-owned Green Plains Renewable Energy records profits surge

Ethanol producer Green Plains Renewable Energy, which is owned by renewable energy group NTR, saw a net income of $8.7m(€6.6m) the second quarter of 2010, up from $600,000 (€459,000) in the same period last year.

"We produced solid results in the second quarter because of our focus on managing margins and maintaining a low-cost operating platform," said Todd Becker, president and CEO.