Celtic Renewables Secures £16.23M for Grangemouth Biorefinery Expansion
- £16.23 million funding includes £5 million from Scottish Enterprise and £6.23 million from the Grangemouth Just Transition Fund.
- The investment supports a new £120 million biorefinery with 10x current capacity.
- Celtic Renewables uses ABE fermentation to produce bio-acetone, bio-butanol, and bio-ethanol.
- The company aims to scale operations to meet global demand for green chemicals.
Investment Details
Celtic Renewables has secured £16.23 million in funding to expand its biorefinery operations in Grangemouth. The funding includes £5 million from Scottish Enterprise, £5 million from existing private investors, and £6.23 million from the Grangemouth Just Transition Fund.
Biorefinery Expansion
The investment will support the planning and development of a new £120 million industrial-scale biorefinery at Grangemouth. This facility will have ten times the production capacity of the current demonstrator plant.
Production Process
Celtic Renewables employs ABE fermentation to produce bio-acetone, bio-butanol, and bio-ethanol. These chemicals are derived from locally sourced waste and by-products, such as pot ale from whisky distillation and rejected potatoes.
Future Plans
The company aims to scale its operations to meet the growing global demand for green chemicals, which are essential for reducing indirect Scope 3 emissions. The expansion is expected to create high-quality jobs and support sustainable manufacturing in the region.
Source: Celtic Renewables