PPG signs MOU with Green Biofuels

By Plutus PowerGen plc | February 17, 2016

Plutus PowerGen plc, the AIM listed power company focused on the development, construction and operation of flexible stand-by electricity generation in the U.K., is pleased to announce that it has signed a memorandum of understanding (MOU) with U.K.-based Green Biofuels Ltd. for the supply of its proprietary renewable fuel Green D+ for use across the company's power generation projects.  With the utilization of a pure green vegetable oil-based fuel, PPG will become a low carbon renewable power generator.

PPG currently has management contracts for the construction and operation of nine 20 MW flexible stand-by electricity plants in the U.K.  Although the sites operate on a stand by basis and are not anticipated to be utilized for more than 200 hours per annum, this strategic decision to team up with Green Biofuels is another major step forward in the development of the company and underpins the board's commitment to the environment in tandem with alleviating the U.K.'s ever increasing power deficit issues.

Green Biofuels Ltd. has an agreement with Neste Corp., the leading global supplier of renewable diesel, to sell and distribute Green D+ in the U.K.

Green D+ is a biofuel formulated by adding a nano-technology patented performance additive to hydrogenated vegetable oil (HVO) and has been independently proven to burn cleaner than other diesels, greatly lower emissions and greenhouse gasses all whilst remaining as efficient as diesel.  The fuel is made from HVO's including the easily accessible rapeseed, soybean, waste fish, jatropha and carmelina oils and contains no aromatics or sulphur, meaning it burns cleaner than other diesels and produces zero sulphur oxide (SOx) emissions as well as significantly lower levels of nitrogen oxide (NOx) and particulate emissions.

Green D+ meets engine manufacturer warranties and is widely used around the world, including the U.S. where in California the fuel is now available at roadside services for use in domestic vehicles and is fully endorsed by the California Air Resources Board and the U.S. Department and Energy.

Paul Lazarevic, chief operating officer of PPG, said, "We have been looking for a renewable fuel partner for some time and this strategic deal complements our corporate environmental objectives, by providing us with renewable energy capabilities.  Green D+ delivers highly significant environmental benefits without a reduction in engine efficiency.  The use of Green D+ across our power generation projects will underpin our environmental credentials and open us to renewable investors, as we look to roll-out our existing flexible stand-by power generation sites across the U.K. to address the ever more evident constrained supply dynamics facing the energy sector."