Biomass plan in jeopardy

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LEEDS-based bio-energy business Viridas has warned of trying times ahead after failing to raise enough investment for a project growing energy crops in Brazil.

It is understood the lack of clarity on Government support for biomass firing means investors have been unwilling to inject £1.4m into the business.

The company has said it has six months to get funding or it may have to throw out its plans to grow the jatropha plant in the South American country.

Biomass is organic, plant-based material.

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