Recycled cooking oil from fish and chip shops hardly sounds like a feasible alternative to a savings account at the Halifax, but the promoters of Living Power reckon that investors can make an “effective” 8% return over the seven-year life of the scheme. Living Power takes the waste oil from restaurants and converts it into clean biofuel, which is then used to supply the National Grid with eco-friendly electricity at peak periods. The company claims that most of Britain’s waste cooking oil is used to make biodiesel, which it says is much less environmentally attractive than using it to generate electricity. The money the company raises will go into refinancing the four biofuel power stations it operates in Yorkshire, Suffolk and Norfolk.
Guardian 30th July 2016 read more »