A BUSINESS in the Capital with an innovative idea to tackle climate change has won a £40,000 Shell Springboard award.
Celtic Renewables, a spin-out company from Napier University, received the Shell Springboard award for its process to create next generation bio- fuels from by-products of the Scottish malt whisky industry, resulting in reduced oil consumption and CO2 emissions.
Shell Springboard is a Shell-funded UK social investment programme, which provides a financial boost to small and medium enterprises with low-carbon business ideas. Mark Simmers, chief executive officer at Celtic Renewables, said: “This is a fantastic endorsement of our business and will allow us to analyse the best opportunities to deploy our technology in Scotland.
“A major benefit to our technology is that it is able to respond directly to rural communities’ needs by providing sustainable biofuels and long-term employment.”
This year, the programme received 130 entries, and 24 businesses have been shortlisted to present at three regional events across the UK.