date:Oct 15, 2012
The technology died out in the 1960s because of competition from petrochemicals, he says.
The current projections are relatively modest. Celtic Renewables says there is a potential for a 60 million-pound ($97 million) a year industry. By contrast, the Scottish government is targeting 30 billion pounds of investment in the economy and as many as 40,000 jobs related to its renewable-energy plan.
So far, the company has garnered 750,000 pounds of funding. It employs five people, Tangney says.
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