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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV

(ABI)
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Beer suds to soap suds: waste alcohol finds use in green detergent

11/27/2019 | 07:13am EST
A worker inspects beer fermentation vats at Anheuser-Busch InBev brewery in Leuven

LEUVEN, Belgium (Reuters) - The next time you wash your dishes, you could find yourself up to your elbows in soap suds spiked with leftover alcohol, if the world's largest brewer and a environmentally friendly detergent firm have their way.

Growing interest in alcohol-free lager, driven by demand for healthier drinks, had left Anheuser-Busch InBev
with a problem - what to do with all the alcohol sucked out of its beer. (https://reut.rs/2OKCxlQ)

So it sealed a deal with Belgium-based Ecover to create a dishwashing liquid with a quarter of its content derived from the zero-alcohol versions of the Leffe and Jupiler beer brands.

"The brewery was asking us what can we do with the alcohol, because it's piling up, it's a large quantity, that's why we were looking for partners," AB InBev's innovation and technology director for Europe, David De Schutter, told Reuters.

The company said its brewing facility in Leuven - Europe's largest with a maximum capacity of 1.2 billion litres of beer a year - could extract alcohol and it planned to spread the practice worldwide.

The residual alcohol, which serves as the active cleaning and preservative component, is extracted, cleaned and sent to Ecover for use in its "Too Good to Waste" detergent.

AB InBev said it was looking at ways to re-use other waste. Spent grains may be the next big thing.

Most of the 1.3 million tonnes it produces per year worldwide is currently used as cattle feed. But it said it had potential partners in the pipeline and was looking into turning it into a plant-based meat substitute for humans.

(This story corrects to show that 1.2 bln litres is maximum capacity of brewery, not of alcohol extraction process).

(Editing by Philip Blenkinsop and Andrew Heavens)

By Marine Strauss and Jorrit Donner-Wittkopf


© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV -1.44% 57.07 Delayed Quote.-20.62%
WORLD CO., LTD. 2.47% 1330 End-of-day quote.-50.58%
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Financials (USD)
Sales 2020 46 513 M - -
Net income 2020 306 M - -
Net Debt 2020 84 300 M - -
P/E ratio 2020 498x
Yield 2020 1,10%
Capitalization 135 B 135 B -
EV / Sales 2020 4,72x
EV / Sales 2021 4,30x
Nbr of Employees 170 000
Free-Float 39,6%
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 66,77 $
Last Close Price 68,67 $
Spread / Highest target 37,7%
Spread / Average Target -2,76%
Spread / Lowest Target -24,5%
EPS Revisions
Managers
NameTitle
Carlos Alves de Brito Chief Executive Officer
Martin J. Barrington Chairman
Fernando Mommensohn Tennenbaum Chief Financial Officer
David Almeida Chief Strategy & Technology Officer
William F. Gifford Non-Executive Director
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