Edinburgh-based Celtic Renewables has confirmed its plans to build a whisky waste-to-biofuel plant has secured planning consent.
The company said in a statement that Falkirk Council had given consent to the demonstration plant, which will be able to produce more than half a million litres of biofuel each year.
Construction is due to begin in early 2018 on the plant which will source whisky waste from the Tullibardine Distillery in Perthshire, according to the statement.
Celtic founder and president, professor Martin Tangney, said: “Our plant, which will use entirely sustainable raw materials to make high-value, low-carbon products, will be the first of its kind in the world. It will shine a global spotlight on innovation in Scotland in the low-carbon economy.”
However, the company seems to be far off its fundraising total of £5m for the development, which is offering potential investors the chance to buy stakes priced at £5 or £90,000.
The £5 stakes have raised more than £1.8m according to the fundraising page, but the £90,000 offering has – at the time of going to press – not attracted any investors.
Source: ENDS Waste and Bioenergy
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