___________________________________________________________________________________ Celtic Renewables
the process works at true industrial scale and opens the door to global replication. The funding Celtic Renewables recently announced from Scottish Government Grant funding and private investors represents the development capital needed to get that next project to an investable and bankable position. From there, the company will be able to bring in the project finance required to bring the full-scale facility into operation.
“ For our next industrial scale biorefinery, which will be in Grangemouth, we are aiming to raise approximately £ 150 million before the end of this year. Through the funding we recently announced, we expect to reach the final investment decision stage in the second half of this year. This represents the next critical phase of technology deployment for our business, and the next inflection point as we look to scale the technology globally,” Mark comments.
In addition to larger biorefineries, Celtic Renewables is committed to making a positive environmental impact through its new water treatment and biogas facility. Mark sheds light on the benefits this new facility will bring to the company and the environment at large.“ Our technology is a compelling proposition in its own right, but we want to make sure we deploy it in the most commercially and environmentally impactful way possible. Integrating complementary technologies into our core process is how we achieve that. We take another industry’ s effluent and convert it into bio-based chemicals, but our own process also produces an effluent output. Therefore, the best way to avoid having a waste problem is to extract further value from the effluent, and that is where integrating a biogas and water treatment facility becomes important. It allows us to process our own effluent, generate additional energy and close the loop on what would otherwise be a secondary waste stream.
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