Celtic Renewables has secured \u00a310m in new funding to support its expansion into large\u2011scale commercial production of sustainable biochemical solutions, creating around 149 new jobs at Grangemouth by 2030.<\/p>\n
The funding comprises \u00a35m in equity from Scottish Enterprise – building on previous Scottish Government investment of \u00a36.23m via the Grangemouth Just Transition Fund – which has in turn leveraged \u00a35m from the private sector.<\/p>\n
During Scottish Apprenticeship Week, the Scottish Government has also announced \u00a390,000 for a new employment pathways programme in the region, run by Forth Valley College in collaboration with Falkirk Council. The programme aims to help local residents develop practical and technical skills, gain accredited training and qualifications, connect with local industries, and receive personal development support.<\/p>\n
Climate Action and Energy Secretary Gillian Martin said: \u201cThis investment is a clear demonstration of our commitment to securing a just transition for Grangemouth and ensuring the region remains at the heart of Scotland\u2019s low\u2011carbon industrial future.<\/p>\n
\u201cCeltic Renewables is an outstanding example of the innovation and ambition that is driving our move towards net zero, and this further investment by Scottish Enterprise will help the company scale up, create high\u2011quality jobs and build new skills for the local workforce.\u201d<\/p>\n
Scottish Enterprise chief executive Adrian Gillespie said: \u201cCeltic Renewables is a great example of how Scottish innovation and tenacity can transform a concept into a strong commercial opportunity with significant scaling potential.<\/p>\n
“We\u2019ve supported the company\u2019s growth ambitions since 2011, and it\u2019s pleasing to see its first operational demonstrator plant here in Grangemouth as well as hearing they\u2019re accelerating their plans for a full-scale biorefinery, which will create high-quality jobs.<\/p>\n
\u201cToday\u2019s investment and employability announcements clearly demonstrate the impactful partnership approach of the Grangemouth Future Industries Board, bringing together our collective drive and expertise to transform the area into a leading destination for green energy and fine chemicals innovation.\u201d<\/p>\n
Celtic Renewables chief executive Mark Simmers added: \u201cOur demonstrator facility in Grangemouth is Scotland\u2019s first biorefinery and has been operational since 2023 – in that time, we\u2019ve proven that our patented fermentation process is scalable and commercially viable, de-risking future projects.<\/p>\n
\u201cToday, demand for our bio-based chemicals far outstrips current production capabilities at our demonstrator plant,\u201d he continued. \u201cCompanies globally are seeking to switch to green chemicals to cut their indirect Scope 3 emissions and meet increasing customer demand for more sustainable products.<\/p>\n
\u201cWith this latest investment, we\u2019re now poised to take the knowledge gained at our demonstrator plant and scale to full industrial-level operations in Grangemouth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
\u00a35m from Scottish Enterprise and government transition funding has leveraged \u00a35m from the private sector<\/p>\n","protected":false},"author":278857,"featured_media":2539,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136545,127687,127720,120780,50204],"coauthors":[137126],"class_list":["post-2538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-government","category-regeneration","category-skills","category-sustainability","category-technology","tag-featured-story","tag-scotland"],"yoast_head":"\n