Renovare Fuels launches £6m equity raise

Sustainable fuels producer Renovare Fuels has launched a £6 million ($7.64 million) equity raise, aiming to expand its renewable biofuel production capacity to up t0 35 million litres annually. A previously announced plan will see the Renovare produce up to two million litres of biofuel each each year from its landmark £9 million ($11.5 million) plant in Northern Ireland. This next round of funding will see the company ‘open doors to a further 48 projects’, with the intention to have a ‘significant’ number of facilities in operation across the UK and Europe by 2030. “Renovare Fuels is delighted to be