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.
“In 2015 the UK Government published its first report demonstrating how important the bioeconomy is to the UK. They commissioned a second report in 2016, ‘Evidencing the bioeconomy’, which estimated the bioeconomy generated £220bn in Gross Value Added and supported over five million jobs in the UK”. Margaret Smallwood, CEO of BioVale, an innovation cluster supporting development of the bioeconomy in Yorkshire and the Humber, talks to Il Bioeconomista. In this exclusive interview she talks about the bioeconomy in UK after Brexit and the election of Donald Trump as US President.