UK offers £25m for green fuel projects

UK offers £25m for green fuel projects

by Big Mac

The UK green fuels industry is getting a boost, thanks to a £25 million fund.

Businesses are being invited to bid for a share of the pot as part of the Department for Transport’s (DfT) competition to build advanced biofuel plants.

Biofuels are liquid fuels which have been derived from materials such as waste plant and animal matter.

The fuel produced by the chosen technology must reduce greenhouse gas emissions by 60% compared to fossil fuels.

Projects backed by the funding are expected to produce at least one million litres of biofuel every year.

Transport Minister Baroness Kramer said: “This government is helping the transition to greener, cleaner fuel. Advanced biofuels will play an increasingly important role in lowering carbon emissions from transport and these fuel plants will help ensure the UK is leading the way in building our capacity.”

The funding will be made available over three years.