Plutus PowerGen signs deal to use Neste’s Green D+ for UK power generation

In the UK, Plutus PowerGen has signed a memorandum of understanding with UK based Green Biofuels Limited 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 20MW flexible stand-by electricity plants in the UK.  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 UK’s ever increasing power deficit issues.

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