UK - Green Biologics awarded £560,000 to boost 'Green' Fuel Development

An Oxfordshire biotechnology company is set to develop a new low-cost т€˜next generationт€™ biofuel, with ТЃ250,000 funding from the Department of Trade and Industryт€™s Technology Programme and ТЃ310,000 from shareholder investors and business angels. Green Biologics Ltd plans to develop a way of manufacturing biobutanol, identified as a superior т€˜next generationт€™ biofuel for transport, which will slash the cost of production by up to a third. Biobutanol is currently used as a chemical feed for stock but high production costs have prevented it being widely used as a fuel.