Celtic Renewables Secures £6.23M from Scottish Government
- £6.23M funding will help build a £120M biorefinery in Grangemouth.
- The facility aims to create 149 jobs by 2030.
- Celtic Renewables uses ABE fermentation to produce bio-acetone, bio-butanol, and bio-ethanol.
- The £8.5M package also supports MiAlgae, CVS Falkirk, and Scottish Enterprise.
Funding and Development
Celtic Renewables has received £6.23 million from the Scottish Government to expand its operations. This funding will contribute to the planning and construction of a £120 million industrial-scale biorefinery in Grangemouth, expected to create 149 jobs by 2030.
Current Operations
The company currently operates a commercial demonstrator biorefinery on a 2.5-acre site at Grangemouth. It utilizes ABE fermentation to produce bio-acetone, bio-butanol, and bio-ethanol from local feedstocks, including pot ale from whisky distillation and rejected potatoes.
Additional Investments
The total £8.5 million funding package also includes support for MiAlgae and CVS Falkirk. Scottish Enterprise will receive funding to encourage future investment in Grangemouth, aiming to establish the site as a leader in green energy and sustainable manufacturing.
Government Support
The funding is part of the Grangemouth Just Transition Fund, designed to promote local opportunities and growth. Energy Secretary Gillian Martin emphasized the Scottish Government's commitment to supporting Grangemouth's industrial future and workforce.
Source: Celtic Renewables