DfT announces £25 million competition to build biofuel plants
11 December 2014
Author: Daniel Puddicombe
The Department for Transport has announced a £25 million competition to build three advanced biofuel plants.
The funding will be made available over three years, and the competition will run in two stages with a detailed expression of interest for potential bidders open until next February, followed by full proposals needed by June 2015.
The DfT said it expects plants backed by the funding to be fully operational by the end of 2018 and be producing at least a million litres of biofuel a year once up and running.
The fuel produced must show a minimum of 60% greenhouse gas emissions compared to the production of fossil fuels, the DfT said.
"This government is helping the transition to greener, cleaner fuel. Advanced biofuels will play an increasingly important role in lowering carbon emissions from transport and these fuel plants will help ensure the UK is leading the way in building our capacity," said transport minister Baroness Kramer.
"This country has world-class research capabilities and I want the development of green technology to be part of this success story. This will not only benefit the environment but boost investment in Britain," said Kramer.
Fossil fuel cuts
Motoring group the RAC is calling for fuel retailers to cut the price of fuel before Christmas, following further reductions in the wholesale price of oil.
The RAC believes there is scope for the price of petrol to come down by 7p a litre to 114p/litre and diesel down by 6p a litre to 120p/litre, prices which the group claims, motorists haven't seen since March 2010.
In June, the price of oil reached at high at $115 (£73) a barrel, but since then it has fallen dramatically. Last week (December), it stood at $68 (£43.5p). The RAC said that while the savings have been passed onto customers, the latest round of cuts needs to be done quickly to demonstrate transparency.