Friday, 26 December 2014
Last updated 2 days ago
Jan 11 2010 | 9:07am ET
Future Capital Partners, the £6 billion U.K.-based alternative investment boutique, has launched a new platform that will allow U.K. investors to invest in the rapidly growing Renewable Transport Fuels (RTF) sector.
The new platform, Future Fuels, which is formed as a limited partnership, will spearhead the building of a Renewable Transport Fuel plant in Grimsby, North East England. The industrial scale plant will produce two principal products – a Renewable Transport Fuel, Ethanol, and a high protein animal feed, Distillers Dried Grains and Solids. According to Future Capital, agreements signed with two global institutions to purchase the plant’s produce ensure significant scope for the project’s profitability.
The production of European RTFs is expected to grow tenfold over the next decade, and RTFs are currently the only sector into which Shell and BP are committing significant Renewable Energy investments.
The partnership expects to provide its investors returns of over 30% per annum over a five to seven year period. It will be raising £40m equity, of which it has already secured over £5m (including a £3m investment from Future Capital Partners itself), and there will be a minimum investment of £50,000. A trade sale or IPO is targeted within 5 years of commissioning of the plant.
“RTFs are the investment opportunity of the future,” said Tim Levy, CEO at Future Capital Partners. “The global focus on renewable energy is there for all to see, yet opportunities to invest in such an obvious growth sector are currently non-existent. Future Fuels will provide investors with the opportunity to invest in one of only three RTF production plants in the country.”
FCP is undertaking the project with Vireol, which will operate the completed plant. The Partnership will own, provide finance for and construct the site. Once completed, the Partnership will lease the plant to Vireol.
Future Capital Partners specialises in alternative investments such as renewable energy, international property, biotechnology and media and entertainment. The firm’s products and investment opportunities are available to investors through financial institutions, wealth managers, IFAs and accountants.
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Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.