Biofuel firm attracts funding

Startup company wins €15m UK grant for whiskey by-product idea.

An Irish scientist’s start-up company has landed an £11m (€15.12m) grant from the UK government to resurrect a wartime process used at the beginning of the last century, and lead the charge in reducing transport’s carbon footprint.

Biofuel company Celtic Renewables headed by Cork native Professor Martin Tangney was the biggest winner in a competition run by the Westminster Department for Transport which saw it gain the largest share of a £25m funding pot.