Future Fuels to raise £40m for investing in British RTF market

Future Fuels is raising a £40m fund to invest in the British Renewable Transport Fuel (RTF) market.

Run by Future Capital Partners (FCP), the investment has acquired a site and planning permission for an ethanol plant in North East England. It aims to capitalise on EU and UK government legislation, which mandates 13% of all petrol fuel must come from renewable sources by 2020. FCP head of sales and marketing Piers Denne says: “We believe there will be a huge level of inward investment in this area, but with four years from plan to plant there will be a material shortage of ethanol, at which point we would expect the consolidation of the market. “At the moment, just 2.3bn of Europe’s...