Shell fund gets fired up by city firm’s biofuels project

A BUSINESS in the Capital with an innovative idea to tackle climate change has won a £40,000 Shell Springboard award.

Celtic Renewables, a spin-out company from Napier University, received the Shell Springboard award for its process to create next generation bio- fuels from by-products of the Scottish malt whisky industry, resulting in reduced oil consumption and CO2 emissions.

Shell Springboard is a Shell-funded UK social investment programme, which provides a financial boost to small and medium enterprises with low-carbon business ideas. Mark Simmers, chief executive officer at Celtic Renewables, said: “This is a fantastic endorsement of our business and will allow us to analyse the best opportunities to deploy our technology in Scotland.

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“A major benefit to our technology is that it is able to respond directly to rural communities’ needs by providing sustainable biofuels and long-term employment.”

This year, the programme received 130 entries, and 24 businesses have been shortlisted to present at three regional events across the UK.

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