Cleantech innovator and Forth Valley for Net Zero supporter, Celtic Renewables, has launched a crowdfunding Crowdcube investment campaign to fund global expansion. They plan to build and launch their next, larger-scale plants in locations around the globe. The crowdfunder comes just days after the completion of their flagship plant at Caledon Green in Grangemouth. It also coincides with the company signing its first major re-seller, Caldic, in a partnership that secures a fast go-to-market strategy for Caldic’s biosolvents range.
Celtic Renewables’ patented low-carbon technology converts unwanted and low-value biological material into high-value renewable chemicals, sustainable biofuel, and other commercially and environmentally valuable products.
Caldic, a leading solutions provider for the life science and specialty chemical industries will distribute the bio-solvents produced by Celtic Renewables. This high purity, bio solution, with an extremely low carbon footprint, will provide Caldic’s customers with a sustainable bio-based alternative to fossil fuel produced solvents.
The deal between the two companies was announced during COP 26, providing good news for the UK as it transitions to a net zero economy. The announcement of the partnership was made by Mark Simmers, Chief Executive Officer of Celtic Renewables, at a COP 26 event on 3rd November entitled Scotland’s Green Innovation and Investment Showcase, attended by Scotland’s First Minister Nicola Sturgeon.
Mark Simmers, Chief Executive Officer of Celtic Renewables said: “This strategic partnership with Caldic not only secures the viability of our Grangemouth plant and the 35 people who work there, but also allows us to fast track our global expansion programme.
“To support this, we have launched an additional round of crowdfunding on Crowdcube to support our plans to build larger scale facilities around the world, which will enable us to bring more of our sustainable solutions to a greater number of people interested in doing the right thing for the planet.”
Roger Collis Business Development Director said, “Caldic is delighted to have agreed a partnership with Celtic Renewables for the distribution of their bio-solvents throughout Europe. We are excited to be bringing to the market these unique bio-solvents which offer an environmentally friendlier solution that will be of interest to manufacturers of Personal Care and Homecare products, as well as those involved in the production of biofuels.”
Celtic Renewables and Forth Valley for Net Zero
Awarded the most innovative biotech SME in Europe, Celtic Renewables focusses on innovation to steer the world away from dependence on petrochemicals. it is regarded as one of the most innovative new sustainable cleantech companies in the UK and has recently completed Scotland’s first biorefinery at Caledon Green in Grangemouth. Celtic Renewables is a supporter of Forth Valley for Net Zero and a key player in the area’s transition to a green, sustainable economy. To find out more about their Investment campaign to fund global, visit their website to find out more.
Watch Founder and President, Professor Martin Tangney OBE explain how they believe technological innovation will drive the green revolution in a video recorded at the launch of the Forth Valley for Net Zero campaign.