Advanced marine biofuel developer Xfuel, which raised €8.2m ($8.8m) last year, is lining up plans for commercial production plants and offtake agreements for shipping fuels that can cut greenhouse gas emissions by up to 85%.

The Irish company, which is running a demonstration plant in Spain producing up to 1m litres of fuel from waste wood products a year, hopes to unveil significantly larger commercial-scale projects in Europe this Spring.

More on Xfuel’s production plants here.