Scottish technology-led producer of inexperienced chemical substances (together with biofuels), Celtic Renewables, has launched its newest crowdfunding marketing campaign with Crowdcube aiming to lift a minimal of £2.75 million to spice up operational capability and scale income development.
Celtic Renewables is the primary on this planet to provide and provide inexperienced chemical substances to decrease the carbon footprint of hundreds of merchandise like cosmetics, paints and family cleaners, and has not too long ago despatched its first manufacturing of bioacetone and biobutanol to distribution companion, Caldic, an organization that creates bespoke options for the meals, pharma, private care and industrial markets.
Funds raised from the Crowdcube marketing campaign will likely be used to extend the worldwide distribution of inexperienced chemical substances, broadening the attain of merchandise throughout a number of sectors the place substitute of incumbent fossil gas derived chemical substances is most wanted.
Celtic Renewables has plans to construct an extra 4 biorefineries within the subsequent 4 to 5 years with a mixed product output of round 32,000 tonnes per yr.
Celtic Renewables makes its inexperienced chemical substances at its flagship biorefinery in Grangemouth, Scotland. Their patented expertise converts low-value by-products, residues and waste from a variety of industries, akin to meals and drinks manufacturing, into high-value inexperienced chemical substances.
These inexperienced chemical substances, particularly bioacetone, biobutanol and bioethanol, are chemically similar to and may straight exchange their fuel and oil-derived equivalents (acetone, butanol and ethanol).
Mark Simmers, CEO of Celtic Renewables, says: “The last word aim of this crowdfunding marketing campaign is to permit us to scale what we’re doing which is able to permit us to produce inexperienced chemical substances to an extended checklist of potential clients who’re prepared and ready.
“The timing is true and lots of firms and industries are wanting to make the change to cut back their dependence on fossil fuels. Our expertise presents a commercially confirmed and inexperienced various for the manufacturing of key chemical substances and can decrease the carbon footprint of on a regular basis merchandise like pores and skin lotions, nail varnish, family cleansing merchandise, paints, medicines and nutritional vitamins. We’ve got the momentum and potential to speed up the defossilisation of the chemical trade and make on a regular basis life extra sustainable for shoppers.”
The manufacturing of acetone, butanol and ethanol contributes considerably to CO2 emissions within the chemical sector, accounting for 18% of complete industrial CO2 emissions globally. Celtic Renewables’ manufacturing of bioacetone, biobutanol and bioethanol generates as much as 70% much less carbon emissions in comparison with petrochemical options.
Simmers provides: “We’re working carefully with our strategic companion Caldic to develop a listing of preliminary clients for our inexperienced chemical substances. The problem is that the demand is big and our Grangemouth plant will solely provide a small fraction of what we actually want to provide, so the strain is on to develop the enterprise and construct larger manufacturing vegetation.”
World markets for acetone and butanol are estimated at $6.63 billion and $16.5 billion respectively and rising, in response to Future Market Insights. Celtic Renewables’ inexperienced chemical substances have in depth functions spanning a number of industries and may utterly displace petrochemical equivalents with an instantly addressable market of over $2 billion.
Bettina Brierley, Product Group Chief Caldic UK, says: “We’ve got been ready for an answer like Celtic Renewables for a very long time. We don’t want to vary client habits, however as a substitute we are able to enhance the merchandise we make by guaranteeing they aren’t derived from fossil fuels.
“That is the primary actual innovation that I’ve seen within the chemical house that’s really inexperienced, not simply greenwashed. The great thing about the product is that the chemical substances are produced from residue supplies, not meals competing crops. Our clients which embrace producers of private care and homecare merchandise, are very excited by this.”
Simmers provides: “The opposite nice information is that the uncooked materials that we use to make our biochemicals – the residues, by-products or waste – is sort of limitless. The hot button is to construct the subsequent few vegetation and reveal their efficiency. Our mannequin is scalable globally throughout trade sectors. We are going to proceed to have a look at business alternatives and there are some actually fascinating chemical teams that sooner or later, additionally may very well be made biologically.”
Celtic Renewables says its mission is to foster a extra sustainable chemical trade and has to this point raised in extra of £55 million funding from a number of sources which was used to construct the biorefinery in Grangemouth. With massive business contracts in place, Celtic Renewables is now elevating funding to scale up manufacturing to satisfy demand.
