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Future Fuels acquires plant site in North East England

Future Fuels, a green investment opportunity from Future Capital Partners for sophisticated retail and high net worth investors, has acquired a site and planning permission consent for its industrial scale plant in Grimsby, North East England.

Construction of the site will provide 750 jobs for two years and 70 permanent jobs once the plant is up and running.

The plant will produce two principal products: renewable transport fuel ethanol; and a high protein animal feed, distillers dried grains and solids.

Future Fuels has also signed a 15 year off-take agreement for its CO2 by-product with a major gas supplier to the food and drinks market. The agreement follows the announcement last month of signed heads of agreements with a major global investment bank for the purchase of the first ten years of RTF production, and, with a global animal feeds business to purchase the high protein animal feed by-product across the same period.

Future Fuels expects to provide returns in excess of 30 per cent per annum over a five to seven year period. The partnership has confirmed a further GBP10m from UK financial advisers and high net worth individuals since it was launched in mid-January out of the GBP40m placement within the LLP.

Tim Levy (pictured), chief executive at Future Capital Partners, says: “Future Fuels is gathering momentum. This is a well thought out investment proposition put together by proven partners who have built and operated commercially functioning plants using proven technologies. EU environmental legislation demands that everyday motorists will require the petrol in their tanks to be blended with an ever increasing proportion of bio-ethanol by 2020. This is one of only three production plants in the UK. This is a growth industry for Britain and one we have the right attributes for.”

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