Three UK companies have been awarded a share of a £25 million (€34.3 million) fund to help develop greener fuel technology, turning low value waste products into biofuels.
“Biofuels have an important role to play in keeping Britain moving forward in a sustainable and environmentally-friendly way. This £25 million is not only a vital investment in technology that will help secure a greener future but will also support the creation of thousands of jobs,” Transport Minister, Andrew Jones announced.
“Advanced biofuels have the potential to save at least 60 per cent of the greenhouse gas emissions from the equivalent fossil fuel. The three successful bids show how the government is investing in transport and making better, clean journeys.”
Celtic Renewables has been awarded £11 million (€15.1 million) to fund a new plant to make biofuels from Scotch whisky by-products, with plans to open a further three commercial plants across Scotland in the future.
According to the Department of Transport UK, the technique could transform the Scottish Whisky industry and generate up to £100 million (€137 million) of transport fuel a year.
Advanced Plasma Power will receive £11 million (€15.1 million) to help develop biofuels from ordinary household waste and Nova Pangaea Technologies will receive £3 million (€4.1 million) to help make biofuels from forestry waste.