Celtic Renewables celebrates success at COP26 and launches new Crowdfunding campaign

news item image
Celtic Renewables hosted media from all over the world as COP26 arrived at the company’s country of origin earlier this month.
The company was featured live on ITV’s Good Morning Britain while also appearing on the Australian evening news.
The company was also showcased in UN Ambassador Sacha Dench’s documentary on sustainability “Discovering the Green Revolution” which was broadcast in the COP26 Blue Zone.
In 2020 Celtic Renewables raised £3.68 million (€4.3 million) from almost 2,500 crowd investors to help complete their first plant.
This campaign also opened up new opportunities for the company and coupled with the international interest in their process during COP26, the company has launched another Crowdcube campaign that they say will fund their international expansion as they seek to capitalise on recent global interest to develop bigger plants all over the world.
Founder and president Prof Martin Tangney OBE said: “I firmly believe that innovation will help us achieve Net Zero, but the real difficulty is getting large financers to fund these ideas.  Our success with crowdfunding demonstrates that individuals out there do care about climate change and that they will put their money where their beliefs are.  Our role is to give them a return on their investment, by bringing our sustainable technology to the world.”
During COP26 the company announced that it had completed construction of its first plant at Grangemouth Scotland with Muir Construction, where it will process a range of low value biological residues into high value low carbon biochemicals in the first biorefinery in the country.
They further announced the signing of a strategic partnership with Caldic, a global leading solutions provider for the life science and speciality chemical industries that turned over €900 million last year.