New FCP ethanol plant in Grimsby gets financial backing

摘要

Investment company Future Capital Partners (FCP) has secured both senior debt and government underwriting for a proposed ethanol plant in Grimsby, UK. The Belgian export credit agency, the Office National De Ducroire (ONDD), has underwritten the senior debt for its £210 million (€259.5 million) bioethanol project. In addition FCP has also confirmed that a major senior lender will be supporting the debt both by participating and being the mandated lead arranger in raising the remaining senior debt. 'Securing senior debt finance and the involvement of the ONDD is a major development for the project financing.