London-based company Renovare Fuels will open in Northern Ireland a new facility to produce 2 million litres of biofuels a year, using technology developed in conjunction with NASA and the US Department of Energy. In an initiative to meet growing demand for alternatives to fossil fuels, the British specialist is pioneering a groundbreaking method to transform biogas into liquid fuels such as diesel and sustainable aviation fuel (SAF).
Foresight Group – a leading, independent alternative asset manager with current assets of over £650 million – and the UK Green Investment Bank – the bank created in 2012 to accelerate the UK’s transition to a green economy and to create an enduring Institution, operating independently of Government – have invested £20 million into the construction of the Evermore Renewable Energy (15.8MWe) wood fuelled combined heat and power (CHP) station to be built in Derry/Londonderry, in Northern Ireland. The Foresight managed fund, UK Waste Resources & Energy Fund (Ukwrei), in which the Green Investment Bank is the cornerstone investor, has made the investment, which is the first GIB funded project in Northern Ireland.
IL BIOECONOMISTA 