20 December 2012 18:45 [Source: ICIS news]
LONDON (ICIS)--Verbio has won a €22.3m ($29.7m) EU grant for its biomethane technology, the Germany-based biofuels firm said on Thursday.
The funding was granted under the EU’s New Entrants Reserve (NER 300) programme to promote projects that reduce ?xml:namespace>
Verbio’s technology converts straw to biomethane. In
Verbio CEO Claus Sauter said the award will encourage Verbio to increase its production of biofuels made from biomethane.
However, in order for biomethane to compete against subsidised biodiesel and bioethanol
Earlier this month, Verbio announced it was halting investment plans because of an uncertain regulatory environment for biofuels in
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($1 = €0.75)
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