Away from agriculture, the UK as a whole also stands to gain economically from increased production of RTFs. To meet the RED mandates, the UK will need to install further RTF capacity by 2020. To achieve this, the RTF industry is creating new jobs and reinvigorating manufacturing opportunities in economically deprived parts of the country, and is receiving considerable political support to ensure the UK is not perceived as being the laggard in Europe.
Investment in RTFs, therefore, can provide a win-win situation for the agricultural industry, investors and the UK manufacturing industry alike, as the UK continues to work hard to fulfil its Renewable Transport Fuel obligations by 2020.
Jonathan Turney is associate director at Future Capital Partners
