Grimsby Biofuel Plant Plans Back Up And Running?

A report on Reuters suggests that plans to construct another large-scale biofuels plant on the east coast of England are back up and running.

Investment firm Future Capital are looking to raise GBP236 million to help fund the project in partnership with UK firm Vireol.

Deals have been done to sell all the ethanol produced over a 10 year period to an unnamed banking group and a "global animal feeds business" has "made a commitment" to buy all the feed byproduct, the article says.

Full story here.

Vireol's company website isn't exactly awash with information on the deal, or anything else for that matter, simply giving their address and telephone number.