Renovare EIS looks to fill renewable gap

New technology should allow profitable conversion of landfill gas

clock • 2 min read

Renewable energy may be off the menu for VCT investment, but a new EIS is aiming to fill the gap with a business that harnesses the energy from landfill gas.

Renovare Fuels is hoping to raise £1.76m from investors to fund its push to provide patent-pending technology to landfill operators that can convert landfill gas into diesel and gasoline. The technology allows for the displacement of large volumes of CO2 and, as a result, will be eligible for Kyoto Protocol Standard Greenhouse Gas Credits. The company has advanced assurance from HMRC that it is an Enterprise Investment Scheme (EIS) qualifying investment. The technology can convert gas to commercial-grade liquid fuel profitably, without the need for government subsidies. It also meets gov...

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