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Clariant Sees Lower Earnings on Bioethanol Plant Closure

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Clariant will close a bioethanol plant in Romania and has cut its earnings forecast as a result.

The Swiss chemical company said Wednesday that earnings before interest, taxes, depreciation and amortization for 2023 are now forecast to be between 570 million and 600 million Swiss francs ($651.4 million-$685.6 million). The previous target range was CHF650 million to CHF700 million.

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