The Vivergo plant has re-opened following a four-month shut-down period following unfavourable trading conditions; in part – according to the British company – “driven by Government inaction on the future of renewable fuels and current market conditions”. It was closed in November and has been conducting maintenance and upgrade work during the closed period.
Over the coming months, it is hoped that conditions will improve as a result of the RTFO being passed through Parliament in March. This will come into effect later this month, increasing the use of renewable fuels in transport from 4.75% to a target of 9.75% by 2020.
UK Business Secretary Greg Clark published last Monday the UK government’s modern Industrial Strategy, with a plan to boost productivity and the earning power of people and businesses throughout Northern Ireland and the whole of the UK. But Vivergo Fuels, the UK’s largest producer of bioethanol doesn’t like this strategy.
Vivergo Fuels, the UK’s largest producer of bioethanol, is warning that the UK’s bioethanol industry and the thousands of jobs it supports are at risk, unless the Government backtracks on a recent recommendation.
Vivergo Fuels, the UK’s largest producer of bioethanol and high protein animal feed, has been chosen as one of the Government’s new official Northern Powerhouse partners and is the only Humberside-headquartered private business to be named on the list.