- The plant will produce over 500,000 liters of biofuel annually.
- A funding campaign aims to raise £5.25m through Abundance Investment.
- Construction is set to begin in early 2018.
- The biofuel, Biobutanol, is made from whisky residue.
Project Overview
Celtic Renewables Ltd has secured planning permission from Falkirk Council to build a commercial demonstrator plant in Grangemouth. The facility will produce over half a million liters of biofuel annually.
Funding and Investment
The company has launched a funding campaign to raise £5.25 million through an ISA-eligible investment with Abundance Investment. This initiative aims to support the construction and operation of the new plant.
Location and Production
Located on a two-acre site in Grangemouth, the plant will produce Biobutanol, an advanced biofuel made from whisky residue. This biofuel serves as a direct replacement for petrol and diesel.
Economic Impact
The project is expected to create 25 jobs in the local area. The choice of Grangemouth leverages the synergies of the national petrochemical hub and collaboration with various partners.
Timeline
With planning permissions in place, construction of the commercial demonstrator plant is scheduled to begin in early 2018.
Collaboration
Celtic Renewables is working closely with Tullibardine Distillery in Perthshire to convert whisky production residues into advanced biofuel and other high-value, low-carbon products.
