Monday, 3 March 2008

BIOFUEL PROJECT SEEKS £135 MILLION IN FUNDING

Two planned biofuel plants will start to try to raise £135m from investors today as part of efforts to profit from the governments race to shift away from petrol.
Future Capital hopes to secure money from wealthy private investors to support construction of wheat-to-ethanol refineries in Grimsby and on Teesside to produce more than 260m gallons a day –33% of anticipated British demand.

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