Scottish technology-led producer of inexperienced chemical compounds (together with biofuels), Celtic Renewables, has launched its newest crowdfunding marketing campaign with Crowdcube aiming to boost a minimal of £2.75 million to spice up operational capability and scale income progress.
Celtic Renewables is the primary on this planet to provide and provide inexperienced chemical compounds 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 accomplice, Caldic, an organization that creates bespoke options for the meals, pharma, private care and industrial markets.
Funds raised from the Crowdcube marketing campaign shall be used to extend the worldwide distribution of inexperienced chemical compounds, broadening the attain of merchandise throughout a number of sectors the place substitute of incumbent fossil gasoline derived chemical compounds 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 compounds 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 compounds.
These inexperienced chemical compounds, particularly bioacetone, biobutanol and bioethanol, are chemically an identical to and might straight substitute their gasoline and oil-derived equivalents (acetone, butanol and ethanol).
Mark Simmers, CEO of Celtic Renewables, says: “The last word objective of this crowdfunding marketing campaign is to permit us to scale what we’re doing which is able to enable us to produce inexperienced chemical compounds to an extended checklist of potential prospects who’re prepared and ready.
“The timing is correct and lots of firms and industries are desperate to make the change to scale back their dependence on fossil fuels. Our expertise gives a commercially confirmed and inexperienced different for the manufacturing of key chemical compounds 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 now have the momentum and potential to speed up the defossilisation of the chemical trade and make on a regular basis life extra sustainable for customers.”
The manufacturing of acetone, butanol and ethanol contributes considerably to CO2 emissions within the chemical sector, accounting for 18% of whole 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 accomplice Caldic to develop an inventory of preliminary prospects for our inexperienced chemical compounds. 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 stress is on to develop the enterprise and construct larger manufacturing crops.”
International markets for acetone and butanol are estimated at $6.63 billion and $16.5 billion respectively and rising, in line with Future Market Insights. Celtic Renewables’ inexperienced chemical compounds have in depth functions spanning a number of industries and might fully displace petrochemical equivalents with an instantly addressable market of over $2 billion.
Bettina Brierley, Product Group Chief Caldic UK, says: “We now have been ready for an answer like Celtic Renewables for a very long time. We don’t want to vary shopper habits, however as an alternative we will 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 actually inexperienced, not simply greenwashed. The fantastic thing about the product is that the chemical compounds are constituted of residue supplies, not meals competing crops. Our prospects 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 secret is to construct the following few crops and reveal their efficiency. Our mannequin is scalable globally throughout trade sectors. We are going to proceed to take a look at industrial alternatives and there are some actually fascinating chemical teams that sooner or later, additionally might be made biologically.”
Celtic Renewables says its mission is to foster a extra sustainable chemical trade and has thus far raised in extra of £55 million funding from a number of sources which was used to construct the biorefinery in Grangemouth. With giant industrial contracts in place, Celtic Renewables is now elevating funding to scale up manufacturing to fulfill demand.
