Winners from £25 million prize to develop greener fuel technology announced

Winners from £25 million prize to develop greener fuel technology announced

Three companies have been awarded a share of a £25 million UK government fund to help develop greener fuel technology and boost local industry, UK Transport Minister Andrew Jones announced this week.

The successful projects, located in Edinburgh, Teeside and Swindon, will use waste products which would otherwise be disposed of an turn them into biofuels for cars and lorries.

The funding will help generate over 5,000 new jobs by 2030, open up international markets and promote the renewable energy sector. The projects will boost Scotland, the Northern Powerhouse and Wiltshire and the UK economy as a whole.

Transport minister Andrew Jones said: ‘This is a great example of the UK government’s commitment to innovative transport technology and supporting jobs and growth. Biofuels have an important role to play in keeping Britain moving forward in a sustainable and environmentally-friendly way. This £25 million is not only a vital investment in technology that will help secure a greener future but will also help support the creation of thousands of jobs. Advanced biofuels have the potential to save at least 60% of the greenhouse gas emissions from the equivalent fossil fuel.’

The latest biofuels use low value waste products to produce high value fuel and will help power modes of transport that cannot be electrified in the near future such as heavy lorries or even aircraft.